JAN 7/2021//GOLD UP $5.70 TO $1913.20//SILVER UP 26 CENTS TO $27.21//HUGE QUEUE JUMP IN GOLD: NEW GOLD TONNAGE STANDING: 4.637 TONNES//CORONAVIRUS UPDATE//JOBLESS NUMBERS IMPROVE A BIT//TRADE DEFICIT WIDENS AGAIN TO 8% OR 68.1 BILLION DOLLARS//ELECTION CHAOS COMMENTARIES//SWAMP STORIES FOR YOU TONIGHT//

GOLD:$1913.20 UP   $5.70   The quote is London spot price

Silver:$27.21 UP $0.26   London spot price GOLD( cash market)

Closing access prices:  London spot

i)Gold : $1914.25  LONDON SPOT  4:30 pm

ii)SILVER:  $27.17//LONDON SPOT  4:30 pm

 

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EXECUTIVE ORDER 13848

THIS EMERGENCY DECLARATION IS STILL IN EFFECT!!!!
 
 
 
 
Sept 12.2018
 
“I, DONALD J. TRUMP, President of the United States of America, find that the ability of persons located, in whole or in substantial part, outside the United States to interfere in or undermine public confidence in United States elections, including through the unauthorized accessing of election and campaign infrastructure or the covert distribution of propaganda and disinformation, constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States. Although there has been no evidence of a foreign power altering the outcome or vote tabulation in any United States election, foreign powers have historically sought to exploit America’s free and open political system. In recent years, the proliferation of digital devices and internet-based communications has created significant vulnerabilities and magnified the scope and intensity of the threat of foreign interference, as illustrated in the 2017 Intelligence Community assessment. I hereby declare a national emergency to deal with this threat.”
 
 

 
 

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COMEX DATA

 
 
 

JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)

receiving today:  107/249

EXCHANGE: COMEX
CONTRACT: JANUARY 2021 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,906.900000000 USD
INTENT DATE: 01/06/2021 DELIVERY DATE: 01/08/2021
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
118 H MACQUARIE FUT 12
132 C SG AMERICAS 9
624 H BOFA SECURITIES 40
657 C MORGAN STANLEY 7 50
661 C JP MORGAN 30
661 H JP MORGAN 77
690 C ABN AMRO 242
732 C RBC CAP MARKETS 2
737 C ADVANTAGE 28
880 C CITIGROUP 1
____________________________________________________________________________________________

TOTAL: 249 249
MONTH TO DATE: 1,060

ISSUED 0

 

GOLDMAN SACHS STOPPED 0 CONTRACTS.

 
 

TOTAL NUMBER OF NOTICES FILED TODAY:   249 NOTICES FOR 24,900 OZ  (0.7745 TONNES)

 

TOTAL NUMBER OF NOTICES FILED SO FAR:  1060 NOTICES FOR 106,000 OZ  (3.2990 tonnes) 

SILVER//JAN CONTRACT

 

70 NOTICE(S) FILED TODAY FOR 350,000  OZ/

total number of notices filed so far this month: 611 for 3,055,000  oz

BITCOIN MORNING QUOTE  $37,449   UP  687

BITCOIN AFTERNOON QUOTE.  :$39,610  UP 2837 DOLLARS .

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

THESE TWO VEHICLES//GLD/AND SLV  ARE ABSOLUTE FRAUDS AND HAVE NOWHERE NEAR THE METAL THEY CLAIM THEY HAVE!

GLD AND SLV INVENTORIES:

WITH GOLD UP $5.70 AND NO PHYSICAL TO BE FOUND ANYWHERE:

WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT:   WHERE ARE THEY GETTING THE “PHYSICAL?

NO CHANGE IN GOLD INVENTORY AT THE GLD//

INVENTORY RESTS AT:

 

GLD: 1,186.78 TONNES OF GOLD//

 

WITH SILVER UP 26 CENTS TODAY: AND WITH NO SILVER AROUND:

A SMALL CHANGE IN SILVER INVENTORY: A WITHDRAWAL OF 392,000

INVENTORY RESTS AT :

SLV: 562.491  MILLION OZ./

 

XXXXXXXXXXXXXXXXXXXXXXXXX

 

Let us have a look at the data for today

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IN SILVER THE COMEX OI FELL BY A FAIR SIZED 845 CONTRACTS FROM 176,005 DOWN TO 175,160, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE FAIR SIZED LOSS IN COMEX OI  OCCURRED WITH OUR LARGE LOSS OF $0.33 IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS  DUE TO CONSIDERABLE BANKER AND ALGO SHORT COVERING, COUPLED AGAINST A STRONG EXCHANGE FOR PHYSICAL. WE  HAD ZERO LONG LIQUIDATION, AND A TINY LOSS IN  SILVER OUNCES  STANDING AT THE COMEX FOR JAN. WE ALSO HAD A FAIR SIZED  GAIN IN OUR TWO EXCHANGES OF 752 CONTRACTS  (SEE CALCULATIONS BELOW).

WE WERE  NOTIFIED  THAT WE HAD A STRONG  NUMBER OF  COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  1303, AS WE HAD THE FOLLOWING ISSUANCE:    MARCH 1303 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  1303 CONTRACTS. THE BANKERS ARE NOW BEING BITTEN BY THOSE SERIAL FORWARDS (EFP’S CIRCULATING IN LONDON)AS THEY ARE NOW BEING EXERCISED AND COMING BACK TO NEW YORK FOR REDEMPTION OF METAL.  THE COST TO SERVICE THESE SERIAL FORWARDS IS HIGH TO OUR BANKERS  BUT THEY HAVE NO CHOICE BUT TO ISSUE AS MANY AS THEY CAN!

HISTORY OF SILVER OZ STANDING AT THE COMEX FOR THE PAST 26 MONTHS.

 

JUNE/2018. (5.420 MILLION OZ);

FOR JULY: 30.370 MILLION OZ

FOR AUG., 6.065 MILLION OZ

FOR SEPT. 39.505 MILLION  OZ S

FOR OCT.2.525 MILLION OZ.

FOR NOV:  A HUGE 7.440 MILLION OZ STANDING  AND

21.925 MILLION OZ FINALLY STAND FOR DECEMBER.

5.845 MILLION OZ STAND IN JANUARY.

2.955 MILLION OZ STANDING FOR FEBRUARY.:

27.120 MILLION OZ STANDING IN MARCH.

3.875 MILLION OZ STANDING FOR SILVER IN APRIL.

18.845 MILLION OZ STANDING FOR SILVER IN MAY.

2.660 MILLION OZ STANDING FOR SILVER IN JUNE//

22.605 MILLION OZ  STANDING FOR JULY

10.025   MILLION OZ INITIAL STANDING IN AUGUST.

43.030   MILLION OZ INITIALLY STANDING IN SEPT. (HUGE)

7.32     MILLION OZ INITIALLY STANDING IN OCT

2.630     MILLION OZ STANDING FOR NOV.

20.970   MILLION OZ  FINAL STANDING IN DEC

5.075     MILLION OZ FINAL STANDING IN JAN

1.480    MILLION OZ FINAL STANDING IN FEB

23.005  MILLION OZ FINAL STANDING FOR MAR

4.660  MILLION OZ FINAL STANDING FOR APRIL

45.220 MILLION OZ FINAL STANDING FOR MAY

2.205  MILLION OF FINAL STANDING FOR JUNE

86.470 MILLION OZ FINAL STANDING IN JULY.

6.475 MILLION OZ FINAL STANDING IN AUGUST

55.400 MILLION OZ FINAL STANDING IN SEPT

11.400 MILLION OZ FINAL STANDING IN OCT.

3.950 MILLION OZ FINAL STANDING IN NOV.

46.685 MILLION OZ FINAL STANDING FOR DEC.

4.910 MILLION INITIAL STANDING FOR JAN 2021

WEDNESDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL $0.33) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME  SILVER LONGS AS WE HAD A SMALL GAIN IN OUR TWO EXCHANGES (458 CONTRACTS). NO DOUBT THE GAIN IN OI ON THE TWO EXCHANGES WAS DUE TO i) CONSIDERABLE BANKER/ STRONG ALGO SHORT COVERING.  WE ALSO HAD  ii)  A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A SMALL LOSS STANDING FOR IN SILVER OZ STANDING FOR JAN, iii) STRONG COMEX OI GAIN AND iv) ZERO LONG LIQUIDATION. YOU CAN BET THE FARM THAT OUR BANKERS  ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER..

 
 

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS

ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY /FOR MONTH OF JAN:

4097 CONTRACTS (FOR 4 TRADING DAY(S) TOTAL 4097 CONTRACTS) OR 20.485 MILLION OZ: (AVERAGE PER DAY 1024 CONTRACTS OR 5.121 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF JAN: 20.485 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 0.20% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)*

ACCUMULATION IN YEAR 2021 TO DATE SILVER EFP’S:          20.485 MILLION OZ.

JAN EFP ACCUMULATION SO FAR:  20.485 MILLION OZ  (INCREASING AGAIN)

RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 752, WITH OUR  $0.33 LOSS IN SILVER PRICING AT THE COMEX //WEDNESDAY.…THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 1303 CONTRACTS WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.

TODAY WE GAINED A SMALL  SIZED 458 OI CONTRACTS ON THE TWO EXCHANGES  (WITH OUR  $0.33 FALL IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e  1303 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s)TOGETHER WITH A FAIR SIZED DECREASE OF 845 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR  $0.33 LOSS IN PRICE OF SILVER/AND A CLOSING PRICE OF $27.16 // WEDNESDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY. 

In ounces AT THE COMEX, the OI is still represented by JUST UNDER 1 BILLION oz i.e. 0.8770 BILLION OZ TO BE EXACT or 125% of annual global silver production (ex Russia & ex China).

FOR THE NEW JAN  DELIVERY MONTH/ THEY FILED AT THE COMEX: 70 NOTICE(S) FOR 350,000 OZ OF SILVER.

IN SILVER,PRIOR TO TODAY, WE  SET THE NEW COMEX RECORD OF OPEN INTEREST AT 244,196 CONTRACTS ON AUG 22.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $14.70//TODAY’S RECORD OF 244,705 WAS SET WITH A PRICE OF: 18.91 (FEB 25/2020)

AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND.  TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN  (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT)

 

GOLD

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A TINY SIZED 375 CONTRACTS TO 571,868 AND CLOSER TO  OUR  NEW RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE GAIN IN COMEX OI OCCURRED DESPITE OUR STRONG FALL IN PRICE  OF $44.25 /// COMEX GOLD TRADING/WEDNESDAY. WE  HAD SOME BANKER/ALGO SHORT COVERING ACCOMPANYING OUR STRONG/ SIZED EXCHANGE FOR  PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AS WE HAD A STRONG GAIN ON OUR TWO EXCHANGES  (7220 CONTRACTS). WE  HAD A STRONG GAIN IN THE  AMOUNT OF GOLD STANDING FOR DELIVERY IN JANUARY/:(GOLD NOW STANDING JAN. AT 4.637 TONNES) .THIS ALL HAPPENED WITH OUR FALL IN PRICE OF $44.25???. 

THESE LONGS MORPHED INTO LONDON BASED FORWARDS AND RECEIVED A FIAT BONUS FOR THEIR EFFORTS.

.

WE HAD A VOLUME OF 10    4 -GC CONTRACTS//OPEN INTEREST  12//

WE HAD A STRONG SIZED GAIN OF 9825 CONTRACTS   ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A GOOD SIZED 6845 CONTRACTS:

CONTRACT .;JAN 25   FEB: 6820  AND APRIL21: 0 ALL OTHER MONTHS ZERO//TOTAL: 8731.  The NEW COMEX OI for the gold complex rests at 569,263. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S.  THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY.  THEN THEY ORCHESTRATE THEIR PRIVATE EXCHANGE DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER  AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.

IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 7220 CONTRACTS: 375 CONTRACTS INCREASED AT THE COMEX AND 6845 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN//TWO EXCHANGES OF 7220 CONTRACTS OR 30.559 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (6845) ACCOMPANYING THE TINY SIZED GAIN IN COMEX OI  (375 OI): TOTAL GAIN IN THE TWO EXCHANGES: 7220 CONTRACTS. WE NO DOUBT HAD  1)  SOME BANKER SHORT COVERING AND SOME ALGO SHORT COVERING ,2 STRONG GAIN IN GOLD   STANDING AT THE GOLD COMEX FOR THE FRONT JAN. MONTH AT 4.637 TONNES3)  ZERO LONG LIQUIDATION ;4) SMALL COMEX OI GAIN,  5) STRONG SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL….ALL OF THIS OCCURRED WITH  OUR LOSS IN GOLD PRICE TRADING/WEDNESDAY//$44.25.

WE ARE BEGINNING TO WITNESS A LACK OF EXCHANGE FOR GOLD PHYSICALS UNDERWRITTEN DUE TO PREMIUMS STARTING TO REAPPEAR IN THE FUTURE PRICE OF GOLD VS LONDON SPOT. THE COST TO THE BANKERS IS JUST TOO GREAT TO ENGAGE IN THESE VEHICLES ONCE THIS OCCURS.

We have now switched to GOLD for our spreaders!!

 

FOR DETAILS ON THE SPREADING EXERCISE HERE IS A BRIEF OUTLINE:

 

SPREADING OPERATIONS/NOW SWITCHING TO GOLD  

SPREADING OPERATION FOR OUR NEWCOMERS:

FOR NEWCOMERS, HERE ARE THE DETAILS:

SPREADING LIQUIDATION HAS NOW COMMENCED IN GOLD AS WE HEAD TOWARDS THE NEW  ACTIVE FRONT MONTH OF FEB.

FOR THOSE OF YOU WHO ARE NEW, HERE IS THE MODUS OPERANDI OF THE SPREADERS AND THE CRIMINAL ELEMENT BEHIND IT:

 HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;

 

THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR GOLD..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR SILVER.  THEY WILL ACCUMULATE CONSIDERABLE AMOUNT OF THE CONTRACTS AND THEN LIQUIDATE ONE WEEK PRIOR TO FIRST DAY NOTICE

MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:

.

AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:

“AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO GOLDAS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX GOLD OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.

HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE  ACTIVE DELIVERY MONTH OF DEC. HEADING TOWARDS THE NON ACTIVE DELIVERY MONTH OF JAN FOR SILVER:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE IN THIS NON  ACTIVE MONTH OF  JAN. BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN GOLD WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING   ACTIVE DELIVERY MONTH (FEB), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY.  THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END  OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

 
 

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2020 INCLUDING TODAY

JAN

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JAN : 24,697 CONTRACTS OR 2,469,700 oz OR 76.81 TONNES (4 TRADING DAY(S) AND THUS AVERAGING: 6174 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 4 TRADING DAY(S) IN  TONNES: 76.81  TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2019/2020, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 76.81/3550 x 100% TONNES =2.16% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO DATE:  76.81 TONNES (INCREASING AGAIN)

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS.  ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM.  IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE

First, here is an outline of what will be discussed tonight:

1.Today, we had the open interest at the comex, in SILVER, FELL BY A FAIR SIZED 845 CONTRACTS FROM 176,005 UP TO 175,160 AND FURTHER FROM OUR COMEX RECORD //244,710(SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  2 3/4 YEARS AGO.  THE PRICE OF SILVER ON THAT DAY: $17.89.

THE STRONG SIZED GAIN IN OI SILVER COMEX WAS PRIMARILY DUE TO; 1) SOME BANKER SHORT COVERING//ALGO SHORT COVERING//// , 2) A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS (SEE BELOW), 3) A TINY DECREASE IN  STANDING FOR SILVER  AT THE COMEX FOR JAN DELIVERY MONTH., AND 4) ZER0 LONG LIQUIDATION 

EFP ISSUANCE 1303 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE: DEC. 0 AND MARCH:  1303  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1303 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI LOSS OF 845 CONTRACTS TO THE 1303 OI TRANSFERRED TO LONDON THROUGH EFP’S,  WE OBTAIN A SMALL  GAIN OF 458 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 2.290 MILLION  OZ, OCCURRED WITH OUR $0.33 FALL IN PRICE///

 

BOTH THE SILVER COMEX AND THE GOLD COMEX ARE IN STRESS AS THE BANKERS SCOUR THE BOWELS OF THE EXCHANGE FOR METAL..THE EVIDENCE IS CLEAR: HUGE AMOUNTS OF PHYSICAL STANDING FOR BOTH  SILVER AND GOLD .

 

(report Harvey)

 

2 ) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

3. ASIAN AFFAIRS

i)THURSDAY MORNING/ WEDNESDAY NIGHT: 

SHANGHAI CLOSED UP 25.33 PTS OR .71%   //Hang Sang CLOSED DOWN 143.78 PTS OR .52%  434.19 POINTS OR 0.52%//Australia’s all ordinaires CLOSED UP 1.44%

/Chinese yuan (ONSHORE) closed DOWN AT 6.4667 /Oil UP TO  50.89 dollars per barrel for WTI and 54.29  for Brent. Stocks in Europe OPENED ALL MIXED//  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.4667. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.4572 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19  : /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

 
 
 
 

COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS

GOLD

LET US BEGIN:

 

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY BY A TINY SIZED 375 CONTRACTS TO 569,263 AND CLOSE TO OUR   RECORD THAT WAS SET IN JANUARY/2020: {799,541  OI(SET JAN 16/2020)} AND  PREVIOUS TO THAT: 797,110 (SET JAN 7/2020).  AND THIS  COMEX INCREASE OCCURRED DESPITE OUR  LOSS OF $44.25 IN GOLD PRICING WEDNESDAY’S COMEX TRADING/).

 WE HAD A GOOD EFP ISSUANCE (6845 CONTRACTS).  WE THUS HAD  1)  SOME BANKER SHORT COVERING// ALGO SHORT COVERING//,  2)  ZERO LONG LIQUIDATION  AND 3)  HUGE GAIN  IN GOLD OUNCES  STANDING AT THE  COMEX FOR JANUARY.  (COMEX GOLD NOW STANDING AT 4.637 TONNES)/ 4)   AS WE ENGINEERED A STRONG SIZED GAIN ON OUR TWO EXCHANGES OF 7,220 CONTRACTS. WE HAVE LATELY WITNESSED THE EXCHANGE FOR PHYSICALS ISSUED BEING SMALL….. AS IT JUST TOO COSTLY FOR THEM TO CONTINUE SERVICING THE COSTS OF SERIAL FORWARDS CIRCULATING IN LONDON. HOWEVER, MUCH TO THE ANNOYANCE OF OUR BANKERS, THE COMEX IS THE SCENE OF AN ASSAULT ON GOLD AS LONDONERS, NOT BEING ABLE TO FIND ANY PHYSICAL ON THAT SIDE OF THE POND, EXERCISE THESE CIRCULATING EXCHANGE FOR PHYSICALS IN LONDON AND FORCING DELIVERY OF REAL METAL OVER HERE AS THE OBLIGATION STILL RESTS WITH NEW YORK BANKERS. WE CAN NOW VISUALLY SEE THAT SHORTS ARE TRYING TO EXTRICATE THEMSELVES FROM THEIR MESS (“TRYING TO GET OUT OF DODGE”) AS LONGS DEPART THE COMEX FOR THE SAFER CONFINES OF LONDON.

(SEE BELOW)

WE  HAD 10    4 -GC VOLUME//open interest RAISES TO   12

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW IN THE  ACTIVE DELIVERY MONTH OF JAN..  THE CME REPORTS THAT THE BANKERS ISSUED A GOOD SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 6845 EFP CONTRACTS WERE ISSUED: JAN 25   FEB// ’21 6820 AND APRIL ’21: 0 AND ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 6845  CONTRACTS.

YOU WILL FIND THAT WHEN WE HAVE A GOOD PREMIUM IN THE FUTURES/SPOT, THEN THE NUMBER OF EXCHANGE FOR PHYSICALS DECLINE IN NUMBERS.  THE COST IS JUST TOO MUCH FOR THEM TO ISSUE.

IT SEEMS THAT OUR BANKER FRIENDS ARE LOATHE TO ISSUE EFPS DESPITE THE LOW PREMIUM ON FUTURE GOLD CONTRACTS.

 

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: 7220 TOTAL CONTRACTS IN THAT 6845 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A SMALL SIZED 375 COMEX CONTRACTS.. WE HAVE A STRONG LEVEL OF JAN 2021 GOLD CONTRACTS STANDING FOR DELIVERY. ((4.637 TONNES).  IF YOU INCLUDE  NOVEMBER’S HUGE 34.7 TONNES, AND DEC. 93.589 OUR COMEX IS OFFICIALLY UNDER ASSAULT.

THE BANKERS WERE SUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT FELL $44.25). AND, THEY WERE  UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED  30.559 TONNES, ACCOMPANYING OUR STRONG GOLD TONNAGE STANDING FOR JAN (4.637 TONNES)

NET GAIN ON THE TWO EXCHANGES :: 7220 CONTRACTS OR 722,000 OZ OR  22.46  TONNES

COMMODITY LAW SUGGESTS THAT COMMODITY FUTURES OPEN INTEREST SHOULD APPROXIMATE 3% OF TOTAL PRODUCTION.  IN GOLD THE WORLD PRODUCES AROUND 3500 TONNES PER YEAR BUT ONLY 2200 TONNES ARE AVAILABLE FROM THE WEST (THUS EXCLUDING RUSSIA, CHINA ETC..WHO KEEP 100% OF THEIR PRODUCTION)

 

THUS IN GOLD WE HAVE THE FOLLOWING:  569,263 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 56.92 MILLION OZ/32,150 OZ PER TONNE =  1770 TONNES

THE COMEX OPEN INTEREST REPRESENTS 1770/2200 OR 80.47% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

 

Trading Volumes on the COMEX TODAY 207,197 contracts// volume POOR 

CONFIRMED COMEX VOL. FOR YESTERDAY: 408,418 contracts//  volume: fair//

/most of our traders have left for London

 

JAN 7 /2020

JAN. GOLD CONTRACT MONTH

 
 
INITIAL STANDING FOR JAN GOLD
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gold Ounces
Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
 
nil oz
 
 
 
Deposits to the Dealer Inventory in oz NIL oz

 

 

Deposits to the Customer Inventory, in oz 0
OZ
No of oz served (contracts) today
249 notice(s)
 
 24,900 OZ
(0.7745 TONNES)
 
 
 
 
No of oz to be served (notices)
14,248 contracts
(1,424,800 oz)
44.31 TONNES
 
Total monthly oz gold served (contracts) so far this month
1090 notices
 
109,000 OZ
3.2970 TONNES
 
 
Total accumulative withdrawals of gold from the Dealers inventory this month NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month xxx oz
 

Withdrawals from Dealers Inventory NIL oz

We had 0 deposit into the dealer

 
 
total deposit: nil  oz
 
 

total dealer withdrawals: nil oz

 

we had  0 deposit into the customer account

 
 

total customer deposit: NIL    oz

 

we had  0 gold withdrawals from the customer account:

 
 
 
 
total customer withdrawals: nil  oz

We had 0  kilobar transactions

ADJUSTMENTS: 0//

 
 

The front month of JAN registered a total of 650 contracts for a GAIN of  258. We had 6 notices filed on Thursday so we GAINED 264 contracts or 26,400 oz will stand for delivery in the non active delivery month of January.  LONGS refused to  morph into a London based forward as they will try their luck searching for metal on this side of the pond. This is a strong queue jump

FEBRUARY LOST 8279 contracts DOWN TO 396,956 CONTRACTS.

MARCH received 220 contracts to stand at 463

APRIL added 6628 contracts to stand at 162,901

We had  249 notice(s) filed today for  24,900 oz OR 0.0186 TONNES.

FOR THE JAN 2020 CONTRACT MONTH)Today, 0 notice(s) were issued from JPMorgan dealer account and  0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 249  contract(s) of which  30  notices were stopped (received) by j.P. Morgan dealer and 77 notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 0 notices received (stopped) by the squid  (Goldman Sachs)
 

To calculate the INITIAL total number of gold ounces standing for the JAN /2021. contract month, we take the total number of notices filed so far for the month (1060) x 100 oz , to which we add the difference between the open interest for the front month of  (JAN 650 CONTRACTS ) minus the number of notices served upon today (249 x 100 oz per contract) equals 149,100 OZ OR 4.637 TONNES) the number of ounces standing in this NON active month of JAN

thus the INITIAL standings for gold for the JAN/2021 contract month:

No of notices filed so far (1060 x 100 oz  PLUS {650 OI) for the front month minus the number of notices served upon today (249} x 100 oz which equals 149,100oz standing OR 4.637 TONNES in this non  active delivery month of January. This is a GOOD amount  standing for GOLD IN  JAN  (generally one of the weakest of all delivery months of the year). 

 
 
 

NEW PLEDGED GOLD:  BRINKS

461,317.475 oz NOW PLEDGED  SEPT 15.2020/HSBC  14.34 TONNES

69,076.803 PLEDGED  APRIL 3/2020: SCOTIA:2.148 TONNES

270,456.695 oz  JPM  8.41 TONNES

970,839.799 oz pledged June 12/2020 Brinks/30.198 TONNES

69,423.136 oz Pledged August 21/regular account 1.96 tonnes JPMORGAN

180,158,329 oz Pledged Nov 27.2021 MANFRA  5.60 TONNES

6308.08 oz International Delaware:  .196 tonnes

968,144.854 Malca

total pledged gold:  2,027,580.317 oz                                     63.06 tonnes

 

SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES…. WE HAVE 524.77 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS i.e. 3.723 tonnes

CALCULATION OF REGISTERED THAT CAN BE SETTLED UPON:

 
total registered or dealer  18,899,181.816 oz or 587.55 tonnes
 
 
total weight of pledged:  2,027,580.317 oz or 63.06 tonnes
 
 
thus:
 
registered gold that can be used to settle upon: 16,871,601.0  (524,77 tonnes)
 
 
 
true registered gold  (total registered – pledged tonnes  16,871.601.0 (524.77 tonnes)
 
 
 
total eligible gold: 19,281.064.836 , oz (599.72 tonnes)
 
 

total registered, pledged  and eligible (customer) gold  38,180.246.652 oz 1,187.56 tonnes (INCLUDES 4 GC GOLD)

total 4 GC gold:   126.34 tonnes

total gold net of 4 GC:  1061.22 tonnes

end

I have compiled  data with respect to registered (or dealer) gold taken on first day notice for each of the past 24 months

The data begins on first day notice for the May month taken on the last day of July 2018. and it continues to present day.

I then took, how many deliveries were recorded by the CME for each and every month.  I also included for reference the price of gold on first day notice.

The first graph is a logarithmic  graph and the second graph, linear.

You can see the huge explosion of registered gold at the comex along with deliveries.

 
 
THE DATA AND GRAPHS:
 
 
 
 
 
 
 

THE GOLD COMEX SEEMS TO BE  UNDER SEVERE ASSAULT FOR PHYSICAL

 
END
 
JAN 7/2021

And now for the wild silver comex results

 
 

And now for the wild silver comex results

INITIAL STANDINGS

JAN. SILVER COMEX CONTRACT MONTH//INITIAL STANDING

Silver Ounces
Withdrawals from Dealers Inventory NIL oz
Withdrawals from Customer Inventory
131,497.150 oz
 
CNT
Delaware
HSBC
 
 
 
 
 
Deposits to the Dealer Inventory
2986,710.400 oz
 
BRINKS
 
 
 
 
Deposits to the Customer Inventory
NIL oz
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
70
 
CONTRACT(S)
(350,000 OZ)
 
No of oz to be served (notices)
371 contracts
 1,855,000 oz)
Total monthly oz silver served (contracts)  611 contracts

 

3,055,000 oz)

Total accumulative withdrawal of silver from the Dealers inventory this month NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month
 
 
 
We had 0 deposits into the dealer:
 
i) Into Brinks:  296,710.400 oz
 
 

total dealer deposits: 296,710.400        oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

we had 0 deposits into the customer account (ELIGIBLE ACCOUNT)

i)  Into JPMorgan:  0
ii) Into everybody else: 00
 
 
 

JPMorgan now has 192.769 million oz of  total silver inventory or 48.61% of all official comex silver. (192.769 million/396.532 million

total customer deposits today: 0    oz

we had 2 withdrawals:

i) Out of Delaware: 34,057.018 oz
ii) Out of HSBC: 44,336.380 oz
 

total withdrawals  78,393.398      oz

We had 0 adjustments:

 
 

Total dealer(registered) silver: 150.446million oz

total registered and eligible silver:  396.755 million oz

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Jan saw a LOSS of  1contract  DOWN to 441 contracts. We had 0 notices filed on WEDNESDAY so we lost 1 contracts or 5,000 oz will not  stand in this non active delivery month of January.  They  morph into London based forwards and received a fiat bonus for their effort.

 

FEBRUARY saw another gain of 52 contracts to stand at 583.  MARCH lost 1791 contracts down to 145,233.

The total number of notices filed today for JAN 2021. contract month is represented by 70 contract(s) FOR 350,000 oz

To calculate the number of silver ounces that will stand for delivery in JAN we take the total number of notices filed for the month so far at 611 x 5,000 oz = 3,055,000 oz to which we add the difference between the open interest for the front month of JAN (441) and the number of notices served upon today 70 x (5000 oz) equals the number of ounces standing.

Thus the JAN standings for silver for the JAN/2021 contract month: 611 (notices served so far) x 5000 oz + OI for front month of JAN(441)- number of notices served upon today (70) x 5000 oz of silver standing for the NOV contract month .equals 4,910,000 oz. ..VERY STRONG FOR A NON ACTIVE  JAN MONTH.

WE LOST 1 CONTRACT OR 5,000 OZ WILL NOT STAND FOR DELIVERY.

 

TODAY’S ESTIMATED SILVER VOLUME 69,487 CONTRACTS // volume VERY WEAK///

FOR YESTERDAY  135,175  ,CONFIRMED VOLUME// HUGE

COMMODITY LAW SUGGESTS THAT OPEN INTEREST SHOULD NOT BE MORE THAN 3% OF ANNUAL GLOBAL PRODUCTION. THE CROOKS ARE SUPPLYING MASSIVE PAPER TRYING TO KEEP SILVER IN CHECK.

The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42. The previous record was 224,540 contracts with the price at that time of $20.44

end

NPV for Sprott

1. Sprott silver fund (PSLV): NAV  RISES TO- 2.27% ((JAN 7/2021)

2. Sprott gold fund (PHYS): DISCOUNT to NAV  RISES TO 0.76% to NAV:   (JAN 7/2021 )

Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/2.27% (JAN 7)

(courtesy Sprott/GATA

3. SPROTT CEF .A   FUND (FORMERLY CENTRAL FUND OF CANADA):

NAV 20.25 TRADING 19.88///NEGATIVE 1.85

END

And now the Gold inventory at the GLD

JAN 7/WITH GOLD UP $5.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1186.78 TONNES

JAN 6/WITH GOLD DOWN $44.25 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.17 TONNES//INVENTORY RESTS AT 1186.78 TONNES

JAN 5/WITH GOLD UP $10.05 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD:A DEPOSIT OF 17.21 TONNES OF GOLD INTO THE GLD////INVENTORY RESTS AT 1187.95 TONNES

JAN 4/WITH GOLD UP $49.70 TODAY: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD; A DEPOSIT OF 0.88 TONNES INTO THE GLD/////INVENTORY RESTS AT 1170.74 TONNES

DEC 31/WITH GOLD UP $1.45 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1169.86 TONNES

DEC//30//WITH GOLD UP $13.30 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1169.86 TONNES

DEC.29//WITH GOLD UP $1.65 TODAY: A DEPOSIT OF  2.53 TONNES  CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1169.86 TONNES.

DEC 28WITH GOLD DOWN $3.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1167.53 TONNES

DEC 24/WITH GOLD UP $6.15 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1167.53 TONNES

DEC.23/WITH GOLD UP $7.40 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/: A WITHDRAWAL OF 2.33 TONNES FROM THE GLD//INVENTORY RESTS AT 1167.53 TONNES

DEC 22/WITH GOLD DOWN $12.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPSOIT OF 2.04 TONNES INTO THE GLD//INVENTORY RESTS AT 1169.86 TONNES

DEC 21/WITH GOLD DOWN $5.60 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1167.82 TONNES

DEC 18/WITH GOLD DOWN 90 CENTS TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD////INVENTORY RESTS AT 1167.82 TONNES

DEC 17 WITH GOLD UP $39.35 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.33 TONNES FROM THE GLD////INVENTORY RESTS AT 1167.82 TONNES

DEC 16/WITH GOLD UP $2.55 TODAY A HUGE  CHANGE IN GOLD INVENTORY AT THE GLD: ANOTHER WITHDRAWAL OF 1.17 TONNES FORM THE GLD..//INVENTORY RESTS AT 1170.15 TONNES

DEC 15/ WITH GOLD UP $23.75 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.67 TONNES FROM THE GLD//INVENTORY RESTS AT 1171.32 TONNES//

DEC 14//WITH GOLD DOWN $10.45 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD:: A WITHDRAWAL OF 3.79 TONNES FROM THE GLD//INVENTORY RESTS AT 1175.99 TONNES

DEC 11/WITH GOLD UP $5.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1179.78 TONNES

DEC 10/WITH GOLD DOWN $2.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1179.78 TONNES

DEC9/ WITH GOLD DOWN $35.30 TODAY, NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1179.78 TONNES

DEC 8//WITH GOLD UP $9.35 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/: ANOTHER WITHDRAWAL OF 3.52 TONNES FROM THE GLD/INVENTORY RESTS AT 1179.78 TONNES// THIS IS AN ABSOLUTE FRAUD TO THE HIGHEST DEGREE AND SIMILAR TO THE THEFT OF THE USA ELECTION.!!

DEC 7/WITH GOLD UP $29.55 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//: A WITHDRAWAL OF 7.12 TONES OF GOLD FROM THE GLD///INVENTORY RESTS TONIGHT AT 1182.70 TONNES

DEC4//WITH GOLD DOWN $1.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY: A WITHDRAWAL OF 1.46 TONNES FROM THE GLD// RESTS AT 1189.82 TONNES.

DEC 3/WITH GOLD UP $10.60 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS  TONIGHT AT 1191.28 TONNES

DEC 2/WITH GOLD UP $12,00 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD//: A WITHDRAWAL OF 3.51 TON87S FROM THE GLD//INVENTORY RESTS AT 1191.28 TONNES

DEC 1//WITH GOLD UP $38.55 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLDE//INVENTORY RESTS AT 1194.78 TONNES

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Inventory rests tonight at:

 

JAN 7 / GLD INVENTORY 1186.78 tonnes

LAST;  977 TRADING DAYS:   +242.91 TONNES HAVE BEEN ADDED THE GLD

LAST 877 TRADING DAYS// +420.54  TONNES HAVE NOW BEEN ADDED INTO  THE GLD INVENTORY

Now the SLV Inventory

JAN 7/WITH SILVER UP 26 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 392,000 OZ FROM SLV INVENTORY///INVENTORY RESTS AT 562.499 MILLION OZ/

JAN 6/WITH SILVER DOWN 54 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.156 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 562.871 MILLION OZ//

JAN 5/WITH SILVER 33 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 558.715 MILLION OZ///

JAN 4/WITH SILVER UP 89 CENTS TODAY: A HUGE  CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.672 MILLION OZ INTO THE SLV../INVENTORY RESTS AT 558.715 MILLION OZ//

DEC 31//WITH SILVER DOWN 16 CENTS TODAY:NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 557.043 MILLION OZ

DEC 30/WITH SILVER UP 29 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 557.043 MILLION OZ//./

DEC 29/WITH SILVER DOWN 22 CENTS TODAY: A HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 2.138 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 557.089 MILLION OZ

DEC 28/WITH SILVER UP 57 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/:

////INVENTORY RESTS AT 554.951 MILLION OZ//

DEC 24/WITH SILVER UP 4 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.51 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 554.951 MILLION OZ//

DEC 23/WITH SILVER UP 33 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 557.461 MILLION OZ//

DEC 22/WITH SILVER DOWN 74 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV.INVENTORY RESTS AT 557.461 MILLION OZ/

DEC 21/WITH SILVER UP 30 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: ADEPOSIT OF 3.253 MILLION OZ INTO THE SLV.//INVENTORY RESTS AT 557.461 MILLION OZ/

DEC 18/WITH SILVER DOWN 10 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 6.228 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 554.208MILLION OZ

DEC 17//WITH SILVER UP $1.06 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//

DEC 16/WITH SILVER UP 42 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//

DEC 15/WITH SILVER UP 55 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//

DEC 14/WITH SILVER DOWN 5 CENTS  TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//

DEC 11/WITH SILVER UP 1 CENT TODAY: TWO CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.859 MILLION OZ IN THE MORNING AND A LATE WITHDRAWAL OF 1.394 MILLION OZ FROM THE SLV ////INVENTORY RESTS AT 547.98- MILLION OZ..

DEC 10./WITH SILVER UP 8 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 551.233 MILLION OZ//

DEC 9/ WITH SILVER DOWN 76 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.974 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 551.233 MILLION OZ.

DEC 8/WITH SILVER UP 1 CENT TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESS AT 548.259 MILLION OZ//

DEC 7/WITH SILVER UP 51 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 548.259 MILLION OZ//

DEC4// WITH SILVER UP 11 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.953 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 548.259 MILLION OZ//

DEC 3//WITH SILVER UP  4 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV/ A WITHDRAWAL OF 236,000 OZ/INVENTORY RESTS AT 546.306 OZ

DEC 2/WITH SILVER UP ONE CENT TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.231 MILLIONOZ INTO THE SLV//INVENTORY RESTS AT 546.542 MILLION OZ//

DEC 1/WITH SILVER UP $1.46 TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.311 MILLION OZ/

JAN 7.2021:

SLV INVENTORY RESTS TONIGHT AT  562.499 MILLION OZ

HYSICAL GOLD/SILVER STORIES
i) GOLDCORE BLOG/Mark O’Byrne

ii) Important gold commentaries courtesy of GATA/Chris Powell

China liberalizes the international use of the yuan.

(South China Morning Post)

China liberalizes international use of yuan, perhaps to slow its rise

 
 Section: 

 

China to Relax Rules on Cross-Border Yuan use as Currency Hits 30-Month High Against U.S. Dollar

By Frank Tang
South China Morning Post, Hong Kong
Tuesday, January 5, 2021

Beijing will make it easier for traders, multinational companies, and outbound investors to use the yuan in international transactions, after the Chinese currency rallied to a 30-month high against the U.S. dollar.

The new rules, which take effect February 4, will cut red tape in yuan trade settlements, simplify paperwork, and streamline the ability of Chinese citizens to move money out of the country, according to a circular jointly released Monday by the People’s Bank of China and five other government agencie

When foreign companies invest in China or make payments for domestic mergers and acquisitions, the funds can be transferred directly, rather than via a special bank account, according to the new rules.

 

Beijing will also set up a pilot programme to facilitate foreign fund remittances and cross-border yuan settlements for approved contractors.

Chinese banks will be allowed to open yuan accounts for Hong Kong and Macau residents, with a remittance limit of up to 80,000 yuan (US$12,386) per day, provided sums are used solely for domestic consumer spending.

The relaxations were announced as the Chinese currency continued to strengthen, backed by a strong economic recovery and weakness in the U.S. dollar. The yuan appreciated 6.3 percent in 2020, with an 8.5 percent rise over the second half of the year alone.

The agencies may hope that loosening restrictions to allow Chinese investors to buy more foreign currency through selling yuan, thereby putting downward pressure on the currency before it becomes overvalued. An expensive yuan would make Chinese goods more expensive to buy for overseas customers, potentially hampering China’s bumper export receipts. …

… For the remainder of the report:

https://www.scmp.com/economy/china-economy/article/3116515/china-relax-r…

end

Pam and Russ discuss the millions of dollars received by Janet Yellen 

(Pam and Russ Martens)

Pam and Russ Martens: Treasury nominee’s $7 million haul from Wall Street is just the tip of the iceberg

 
 Section: 

 

Janet Yellen’s Cash Haul of $7 Million Is Just the Tip of the Iceberg; She Failed to Report Her Wall Street Speaking Fees from JPMorgan and Others in 2018

By Pam and Russ Martens
Wall Street on Parade
Wednesday, January 6, 2021

On December 29 we needed a clarification from former Treasury Secretary Larry Summers about his opinion column against Congress issuing $2,000 stimulus checks. We sent him an email at 10:13 a.m. and received a very clear response from him directly at 12:51 p.m. that day — a span of a few hours.

Compare that timely response to Janet Yellen’s respect for the media’s obligation to report a full set of facts to the American people. Three days ago we contacted Yellen at four different entities with which she is affiliated. Only the Brookings Institution responded, saying she was on leave. President-elect Joe Biden’s media team did not respond at all, nor did the Washington Speakers Bureau and University of California at Berkeley.

… 

Yellen is Biden’s nominee for U.S. Treasury secretary. In anticipation of her Senate confirmation hearing, she has released her financial disclosure forms, which showed a windfall of more than $7 million in speaking fees since she left her position with the Federal Reserve. The bulk of that money came from Wall Street firms, which are variously regulated and bailed out by the Fed.

 

Our question for Yellen is an uncomfortable one: Why did her financial disclosure form report her cash haul from Wall Street’s serially charged trading houses for just the years 2019 and 2020 when common sense suggests that her biggest haul would have been in 2018, when her knowledge of the thinking at the Fed was most timely?

Yellen stepped down as chair of the Federal Reserve on February 3, 2018, when President Trump failed to renominate her for the position of chair. Yellen was a Fed governor before becoming its chair and that term didn’t expire until 2024. Yellen could have remained at the Fed and functioned as a public servant.

Instead, in the very same month in which she stepped down at the Fed, she signed an exclusive contract with the Washington Speakers Bureau.

Less than two months after stepping down from the Fed, Yellen was raking in huge fees for chumming around with and delivering her bits of wisdom to the mega trading houses on Wall Street: the very same folks who blew up the U.S. financial system in 2008 and received a super-secret $29 trillion bailout from the Fed.

The details of the Fed’s obscene bailout were made public three years after the fact under a federal court decision and government audit. …

… For the remainder of the report:

https://wallstreetonparade.com/2021/01/janet-yellens-cash-haul-of-7-mill…

end

Hyperinflation coupled with a dollar crash are near.  This is discussed by Alasdair Macleod with Kingworldnews.

(Macleod//KingworldNews)

Hyperinflation, dollar crash are near, Macleod tells KWN

 
 Section: 

 

12:29p ET Wednesday, January 6, 2021

Dear Friend of GATA and Gold:

In comments to King World News today, GoldMoney research director Alasdair Macleod notes the explosion in commodity prices across the board, along with the explosion in the money supply, and concludes that hyperinflation and the crash of the U.S. dollar are near. Macleod’s comments are headlined “This Will Be the Big Shock of 2021” and they’re posted at KWN here:

https://kingworldnews.com/this-will-be-the-big-shock-of-2021/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

end

iii) Other physical stories:

 

Due to the criminal conviction of trader Edmonds, the USA prosecution is seeking to halt the civil lawsuit. I was misinformed: all discoveries in a civil suit are public and because of that, the prosecution gives the defendants the right to plead the 5th if their testimony incriminates them
(courtesy zerohedge/Chris Powell)
 

US seeks halt in civil lawsuit accusing JP Morgan of manipulating metals market, citing criminal case

  • The U.S. wants a federal judge to halt a civil lawsuit accusing J. P. Morgan of manipulating precious metals markets. The Justice Department cited an ongoing criminal case as its reason for the request.
  • A former J. P. Morgan trader pleaded guilty in Connecticut last month to manipulation charges.
  • In the guilty plea, the trader said he had learned to make bogus trade orders from senior traders at the bank and that he used the strategy hundreds of times with the knowledge and consent of his immediate supervisors.

 

A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in New York.

Amr Alfiky | Reuters
A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in New York.

The Justice Department is asking a judge to put the brakes on a civil lawsuit against J. P. Morgan Chase, citing an ongoing probe into a “related criminal case” that involves alleged manipulation of precious metals markets.

The department wants a six-month postponement in the proceedings of the civil lawsuit, which was filed in 2015 by hedge fund manager Daniel Shak and two commodity traders. The government also says it could ask for a longer delay in the case, according to a court filing on Monday.

 

The move comes days after Shak’s lawyer, David Kovel, sought permission to reopen questioning of two former J. P. Morgan traders and the bank’s current global head of base and precious metals trading.

Kovel, in making the request with the Manhattan federal judge in the civil case, cited last month’s guilty plea by one of those former traders, John Edmonds, in federal court in Connecticut.

Edmonds admitted making bogus bids on precious metals contracts while working at the bank from 2009 to 2015.

Neither J. P. Morgan Chase nor Kovel’s clients have opposed the Justice Department’s request.

In arguing for a delay, the Justice Department said Shak’s lawsuit is “related” to Edmonds’ criminal case and that Edmonds has “pleaded guilty and acknowledged his own participation in such conduct, as well as that of other traders.”

“Edmonds awaits sentencing, but the broader investigation is ongoing,” the Justice Department said. The U.S. wants to delay the civil case “to protect the integrity of its ongoing criminal investigation,” it said.

J. P. Morgan did not respond to a request for comment by CNBC. Kovel declined to comment.

Tuesday night, after this story first was published, Judge Paul Engelmayer ordered the federal prosecutors to explain in detail by Monday why postponing proceedings in the civil lawsuit would not harm those involved, and why reopening questioning “would be detrimental to the Government’s ongoing criminal investigation.”

Englemayer also wrote that he regards Edmonds’ guilty plea “as potentially highly consequential” to the civil case.

In his guilty plea, the 36-year-old Edmonds said he had learned to make bogus trade orders from senior traders at the bank and that he used the strategy hundreds of times with the knowledge and consent of his immediate supervisors. He admitted to working with “unnamed co-conspirators” at J. P. Morgan, according to the Justice Department.

Kovel wants to question Edmonds again as well as Michael Nowak, the bank’s global head of base and precious metal trading, and former J. P. Morgan Chase Managing Director Robert Gottlieb. The three had previously answered questions under oath in the civil case.

Kovel said in court filings that Nowak was the immediate supervisor of Edmonds, while Gottlieb was Edmonds’ mentor.

In his prior deposition, Edmonds said that Gottlieb sat only a “couple feet” away from him for about five years, and that he was “somebody [he] looked up to in the business,” who helped guide and train him.

Nowak is described by Edmonds as his direct supervisor, with whom he would sometimes discuss trading strategies. Nowak was also the person responsible for overseeing the performance and risk of Edmonds’ portfolio, according to the deposition.

Edmonds also stated in his prior deposition that he would enter precious metals trades for both Nowak and Gottlieb, among others.

The civil lawsuit claims Shak and his fellow plaintiffs lost tens of millions of dollars as a result of actions by J. P. Morgan’s traders.

 
 
A federal judge tells traders that they can combine cases (with the other 6 banks) as they accused JPMorgan of rigging the precious metals market
(courtesy CNBC)
 

Federal judge tells traders they can combine cases accusing JP Morgan of rigging metals market

  • Litigation in a separate civil case has been put on hold until at least May at the behest of the Justice Department, which is investigating a “related criminal case” that involves alleged market manipulation by precious metals traders at J. P. Morgan.
  • Judge John Koeltl of the Southern District of New York appointed the White Plains, N.Y., law firm Lowey Dannenberg as interim lead counsel for the proposed class action.
  •  
 

71671201

Spencer Platt | Getty Images

A group of traders from across the U.S. who allege that J. P. Morgan Chase manipulated precious metals markets for years are one step closer to bringing a class action suit against the nation’s largest bank.

Earlier this month, a federal judge said five separate lawsuits making similar allegations against the bank could be combined, potentially including thousands of people who traded in the precious metals market from Jan. 2009 through Dec. 2015.

 

Litigation in a separate civil case has been put on hold until at least May at the behest of the Justice Department, which is investigating a “related criminal case” that involves alleged market manipulation by precious metals traders at J. P. Morgan.

 
 

J. P. Morgan declined to comment on this story.

Judge John Koeltl of the Southern District of New York appointed the White Plains, N.Y., law firm Lowey Dannenberg as interim lead counsel for the proposed class action.

Vincent Briganti, a partner at the firm, filed the first suit seeking class action status in November on behalf of Dominick Cognata, a trader who alleges he suffered losses due to J.P. Morgan’s illegal trading conduct in the silver and gold futures and options markets.

That was after the federal court in Connecticut unsealed a criminal plea agreement by John Edmonds, a former J.P. Morgan metals trader. In his guilty plea, Edmonds, who is 36-years old, admitted that he and other “unnamed co-conspirators” fraudulently manipulated the precious metals markets while they were employed at J. P. Morgan from 2009 to 2015.

Edmonds said he had learned the illegal trading tactics from senior traders, and then used them hundreds of times with the knowledge of and consent of his immediate supervisors.

Briganti’s lawsuit also names John Edmonds and a group of yet-to-be-identified precious metals traders and the bank as defendants.

On Wednesday, the lawyers sent a letter to Judge Koeltl saying they were having difficulty locating Edmonds to serve him legal papers and requested a 30-day extension to do so, which the judge granted on Thursday. Briganti noted that they have been in contact with Edmonds’ attorney in the criminal case. Edmonds’ attorney and Briganti could not be reached for comment.

“We are hopeful that this extension will result in completing service on Mr. Edmonds without formal motion practice and a request for alternative means of service,” Briganti said in the letter.

The next step in the civil case is for the plaintiffs to file an amended class action complaint and set a schedule for defendants to respond.

In addition to the proposed class action, J. P. Morgan also faces a separate civil suit which also accuses the bank of rigging precious metals markets.

end

March 4.2019

Parker City News

JP Morgan faces potential class action lawsuit after guilty pleas by a former metals trader

Traders from across the U.S. are banding together to accuse J. P. Morgan Chase of manipulating precious metals markets for years.

At least six lawsuits, all making similar allegations against the nation‘s largest bank, have been filed in New York federal court in the past month, since federal prosecutors in Connecticut with a former J. P. Morgan Chase metals trader.

The cases could potentially include thousands of people who traded in the precious metals market. The White Plains, N.Y., law firm Lowey Dannenberg is asking the court to combine the cases and name it as the lead.

The law firm‘s commodities group is led by Vincent Briganti, the attorney who filed the first lawsuit on behalf of Dominick Cognata, a New York resident who alleges he suffered losses due to J. P. Morgan‘s trading conduct in the silver and gold futures and options markets.

A combined case, seeking class action status, would include anyone who purchased or sold futures contracts or an option on NYMEX platinum or palladium or COMEX silver or gold between at least Jan. 1, 2009, and Dec. 31, 2015. The lawyers believe that “at least hundreds, if not thousands” of traders would be eligible to join the case.

Named as defendants in all of the lawsuits are John Edmonds, a 36-year old former metals trader at J. P. Morgan, a group of yet-to-be-identified precious metals traders and the bank.

Edmonds, a New York resident, pleaded guilty in October to one count of conspiracy to defraud the market and manipulate prices of precious metals futures contracts and one count of commodities fraud. In the criminal plea, Edmonds admitted that he and other “unnamed co- conspirators” at J. P. Morgan, fraudulently manipulated precious metals markets from 2009 to 2015, the same time frame covered in the class action suits.

Briganti filed the initial class action on Nov. 7, just one day after the Justice Department unsealed Edmonds‘ plea in the U.S. District Court of Connecticut.

Edmonds admitted in his guilty plea that he deployed the illegal trading scheme hundreds of times with the direct knowledge and consent of his immediate supervisors. Plaintiffs say they have suffered economic injury, including monetary losses, as a direct result of actions by Edmonds and the other unnamed J. P. Morgan metals traders in the futures and options contracts.

One of the suits alleges that “the number of unlawful trades that JP Morgan traders executed in precious metals futures markets is at least in the thousands.”

J. P. Morgan declined to comment. Lowey Dannenberg did not respond to a request for comment by CNBC.

The Justice Department‘s criminal investigation is still ongoing and recently caused a separate related civil case to be put on hold for at least six months while the government continues its investigation. That civil lawsuit, which also accuses J. P. Morgan of rigging the precious metals market, was filed in 2015 by hedge fund manager Daniel Shak and two commodity traders.

After reviewing the details of the plea agreement, David Kovel, the attorney for Shak‘s suit, sought to re- interview Edmonds, along with two other current and former senior traders at the bank. However, the government argued that reopening questioning would be detrimental to the ongoing criminal investigation. The federal judge overseeing the proceedings ordered a six-month stay in the civil case.

Kovel declined to comment.

Edmonds was originally scheduled to be sentenced in Hartford, Conn., on Wednesday, Dec. 19, but a court filing on Nov. 27 shows the sentencing has been postponed until June. A spokesman for the U.S. Attorney for Connecticut could not elaborate on why the sentencing was postponed since the court filing is under seal.

-END-

Justice Department stalls another class action in gold market rigging, this one against JPM

 

 Section: 

9:47a ET Tuesday, March 5, 2019

Dear Friend of GATA and Gold:

Proceedings in the federal class-action anti-trust lawsuit against JPMorganChase charging the investment bank with manipulating the gold and silver futures markets —

http://www.gata.org/node/18844

— have been suspended for three months at the request of the U.S. Justice Department, just as the department has arranged suspension of proceedings in the class-action anti-trust lawsuit against Deutsche Bank charging similar market manipulation.

… 

In both cases the Justice Department has told U.S. District Court for the Southern District of New York that proceedings would jeopardize its criminal investigation into market rigging, which has been admitted by a former JPMorganChase trader, John Edmonds, who awaits sentencing.

According to court filings, the White Plains, New York, law firm representing the plaintiffs against JPMorganChase, Lowey Dannenberg, concurred in the government’s request to suspend proceedings. The stay is to continue for three months and may be extended.

The Justice Department’s motion, granted by the court on February 26 —

http://www.gata.org/files/JPMorganChaseClassActionStay.pdf

— said “the government is not seeking an open-ended stay that could indefinitely postpone this matter and thus jeopardize the parties’ interests in a timely resolution.” The motion added, “Any developments in the criminal case during the period the consolidated action is stayed may reduce or completely resolve the need to litigate certain issues in the consolidated action.”

Much of the Justice Department’s motion is redacted to conceal from the public evidence still under investigation. Edmonds has said he and other traders manipulated the gold and silver markets for years with the knowledge of their supervisors at JPMorganChase. In its motion to conceal that evidence, also granted by the court on February 26, the Justice Department said disclosure “could lead to destruction of evidence, flight from prosecution, and otherwise interfere with the government’s ability to conduct its investigation”:

http://www.gata.org/files/JPMorganChaseClassActionStaySeal.pdf

Monetary metals investors may be skeptical of the Justice Department’s stalling the Deutsche Bank and JPMorganChase cases, since the department and the U.S. Commodity Futures Trading Commission do not seem ever to have responded conscientiously to complaints of gold and silver market rigging until the class actions commenced.

How much time will the court give the Justice Department to delay getting to the bottom of the issue? The court might hasten matters if enough monetary metals mining companies protested the harm done to them and their shareholders by market rigging, but of course most monetary metals mining companies don’t mind at all.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

Your early THURSDAY morning currency, Asian stock market results,  important USA/Asian currency crosses, gold/silver pricing overnight along with the price of oil Major stories overnight/7 AM EST

i) Chinese yuan vs USA dollar/CLOSED DOWN AT 6.4667 /

//OFFSHORE YUAN:  6.4572   /shanghai bourse CLOSED UP 25.33 PTS OR .71%

HANG SANG CLOSED DOWN 143.78 PTS OR .52%

2. Nikkei closed UP 434.19 POINTS OR 1.60%

3. Europe stocks OPENED ALL  MIXED/

USA dollar Index UP TO 89.77/Euro FALLS TO 1.2271

3b Japan 10 year bond yield: RISES TO. +.04/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 103.61/ THIS IS TROUBLESOME AS BANK OF JAPAN IS RUNNING OUT OF BONDS TO BUY./JAPAN 10 YR YIELD IS NOW TARGETED AT .11%/JAPAN LOSING CONTROL OF THEIR BOND MARKET//CARRY TRADERS GETTING KILLED

3c Nikkei now JUST BELOW 17,000

3d USA/Yen rate now well below the important 120 barrier this morning

3e WTI:: 50.89 and Brent: 54.29

3f Gold UP/JAPANESE Yen down CHINESE YUAN:   ON -SHORE CLOSED DOWN/OFF- SHORE: DOWN

3g Japan is to buy the equivalent of 108 billion uSA dollars worth of bond per month or $1.3 trillion. Japan’s GDP equals 5 trillion usa./“HELICOPTER MONEY” OFF THE TABLE FOR NOW /REVERSE OPERATION TWIST ON THE BONDS: PURCHASE OF LONG BONDS AND SELLING THE SHORT END

Japan to buy 100% of all new Japanese debt and by 2018 they will have 25% of all Japanese debt. Fifty percent of Japanese budget financed with debt.

3h Oil DOWN for WTI and DOWN FOR Brent this morning

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund FALLS TO -.59%/Italian 10 yr bond yield UP to 0.55% /SPAIN 10 YR BOND YIELD UP TO 0.05%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.14: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 0.61

3k Gold at $1915.60 silver at: 27.11   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble DOWN 41/100 in roubles/dollar) 74.34

3m oil into the 37 dollar handle for WTI and 39 handle for Brent/

3n Higher foreign deposits out of China sees huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/

JAPAN ON JAN 29.2016 INITIATES NIRP. THIS MORNING THEY SIGNAL THEY MAY END NIRP. TODAY THE USA/YEN TRADES TO 103.51 DESTROYING JAPANESE CITIZENS WITH HIGHER FOOD INFLATION

30 SNB (Swiss National Bank) still intervening again in the markets driving down the SF. It is not working: USA/SF this morning .8831 as the Swiss Franc is still rising against most currencies. Euro vs SF is 1.0831 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

3p BRITAIN VOTES AFFIRMATIVE BREXIT/LOWER PARLIAMENT APPROVES BREXIT COMMENCEMENT/ARTICLE 50 COMMENCES MARCH 29/2017

3r the 10 Year German bund now NEGATIVE territory with the 10 year FALLING to 0.59%

The bank withdrawals were causing massive hardship to the Greek bank. the Greek referendum voted overwhelming “NO”. Next step for Greece will be the recapitalization of the banks and that will be difficult.

4. USA 10 year treasury bond at 1.056% early this morning. Thirty year rate at 1.837%

5. Details Ransquawk, Bloomberg, Deutsche bank/Jim Reid.

6.  TURKISH LIRA:  UP  TO 7.33..

Stocks Grind Higher As Focus Turns From Capitol Chaos To Coming Stimulus

 
THURSDAY, JAN 07, 2021 – 8:00

Bonds erased early losses and stocks give back opening gains, drifting back within Wednesday’s trading range as traders paused to asses the rollercoaster of the past three days which saw the biggest first day drop of the year since the dot com bubble followed by a surge as Democrats took Congress following Senate wins in Georgia, sparking expectations of massive stimulus.

S&P 500 futures were up 0.4% and most stock benchmarks across Asia and Europe were in the green. Treasury yields held above 1%, while the dollar strengthened against all its major peers. Ahead of the coming stimulus tsunami, Bitcoin shot above $38,000 to another record high.

At 07:40 a.m., Dow E-minis were up 91 points, or 0.31%, S&P 500 E-minis were up 18.5 points, or 0.49%, and Nasdaq 100 E-minis were up 91.5 points, or 0.8%. Among the notable movers, Bank of America Corp, Citigroup, JPMorgan Chase and Goldman continued to climb in pre-market trading as the benchmark 10-year Treasury yield hovered near 1%. Shares of Twitter Inc. dropped 1.3% in U.S. pre-market trading after the platform suspended Trump’s account. Tesla Inc. added 2.9% as analysts at RBC upgraded the stock, saying they were “completely wrong” with their previously bearish views.

Overnight, Joe Biden was formally recognized by Congress as the next U.S. president early Thursday, a day after demonstrators overpowered police and stormed through the Capitol building in a scene of unprecedented turmoil in Washington. Present Donald Trump released a statement pledging “an orderly transition” after Congress certified the results. Stunning images of the assault on Congress had earlier knocked sentiment, though markets focused on the implications of the Democrat blue wave.

Despite the disruption, markets showed little sign of worry and trading throughout the day was normal. Bullish themes, such as the prospect for more U.S. stimulus spending in a Democrat-controlled Congress and the vaccine rollout, have dominated investor attention.

“The market is confident that there will be an orderly transition of power,” said Christoph Rieger, head of fixed-rate strategy at Commerzbank AG. “What matters more are the near-term prospects of a transition of power and more fiscal stimulus under a Democrat-led Senate.”

After a dour start to the week, financials and industrial stocks powered the Dow and the S&P 500 to all-time highs on Wednesday in hopes that some of President-elect Joe Biden’s policies could speed up a vaccine-driven recovery from the steepest downturn in decades. But the Nasdaq, dominated by FAANG stocks that had led Wall Street’s rally from the pandemic lows, closed lower on fears some of them could face antitrust scrutiny while the coming inflation wave would hit deflationary assets.

“The market is saying the reflation trade is on,” said Justin Onuekwusi, portfolio manager at Legal & General Investment Management. “The Democrat sweep means there will be more flexibility and speed to writing a fiscal check so a one-off U.S. fiscal boost as a bridge to a post-vaccine world is definitely on the cards.”

In Europe, the Stoxx 50 was little changed, the DAX outperforming with a 0.4% gain while FTSE 100 lags having outperformed at the open. European sentiment was boosted by an unexpected rise in German factory orders pre-lockdown in November. U.K. grocer J Sainsbury Plc shares rallied 4.1% after seeing its strongest Christmas on record. On the downside, Ryanair Holdings Plc declined 2.8% after the budget airline operator cut its full-year traffic forecast, citing new coronavirus restrictions. U.S.-listed shares of German biotech firm CureVac NV surged 20% after it struck an alliance with drugmaker Bayer to help it seek regulatory approval for its experimental COVID-19 vaccine and distribute doses.

Asian stocks joined the global reflation trade with more stimulus spending likely on the horizon after the Democrats won control of the Senate. The MSCI Asia Pacific Index gained as much as 1.4%, set for another record close. Material and industrial stocks led the gains, followed by financials which were boosted by a steepening yield curve. Environmental and cannabis-related stocks, which are seen to benefit from U.S. President-elect Joe Biden’s agenda, also outperformed. Alibaba Group and Tencent led a selloff in internet stocks as the Trump administration considers barring investments in China’s two most valuable companies. Three major Chinese telecommunications companies also slumped as NYSE reversed again with a plan to delist them. North Asian markets led the charge, with Korea’s benchmark gauge and Japan’s Topix closing 2.1% and 1.7% higher, respectively. Miners Rio Tinto and BHP earlier surged to all-time highs while chipmakers Samsung and SK Hynix drove South Korean stocks to a record high. Malaysia’s benchmark gauge dropped as much as 1.2% before recouping the losses as the country recorded its highest-single day increase in new coronavirus cases on Wednesday.

In rates, Wednesday’s bond sell-off pushed the yield on benchmark 10-year U.S. Treasuries over 1% for the first time since March. It rose as high as 1.0660% on Thursday before slipping back, and was last trading around 1.0524% after earlier weakness during Asia session pushed 10-year to 1.064%, exceeding Wednesday’s high. Euro zone government bonds followed suit, with Germany’s 10-year Bund yield up slightly to -0.55%. Japanese government bonds also slipped.

The Democrat victory also reverberated in currency markets, sending the dollar to a near-three year low against a basket of six major currencies, with traders betting growing U.S. trade and budget deficits would weigh on a greenback already bruised. On Thursday the Dollar index bounced 0.6% to 89.780, on track for its biggest one-day gain since October.  The euro clawed away from an almost three-year high of $1.22, and also languished near recent multi-year troughs against the Aussie, kiwi and Swiss franc. That said, some analysts said rising bond yields may help the dollar’s fortunes. The Polish zloty appreciated as much as 0.6% to trade below 4.50 per euro, a level that’s seen as a possible trigger-point for central bank intervention.

“Higher Treasury yields should benefit the dollar against the euro and the yen,” said Masafumi Yamamoto, chief currency strategist at Mizuho Securities in Tokyo.“However, the dollar will remain weaker against commodity currencies like the Aussie and emerging market currencies.”  Other risk assets climbed, with safe havens like the Japanese yen losing ground.

In commodities, Copper, a barometer for global growth, gained 0.3% to hover near an 8-year high. Oil prices held around a 10-month high, basking in the afterglow of a production cut promised by Saudi Arabia. Brent crude futures were flat at $54.25 a barrel. Gold was steady at $1,921 an ounce, and bitcoin firm after hitting a fresh record high just over $38,000. The cryptocurrency has soared over a quarter already this month after almost quadrupling last year.

The first weekly initial claims report of 2021 due at 830am ET is expected to show the number of Americans filing for unemployment benefits rose to 800,000 last week, likely due to increased restrictions to keep the spread of coronavirus infections in check. The more comprehensive jobs report for December is expected on Friday.

Market Snapshot

  • S&P 500 futures up 0.5% to 3,758.50
  • STOXX Europe 600 up 0.1% to 406.92
  • MXAP up 0.9% to 204.02
  • MXAPJ up 0.6% to 679.16
  • Nikkei up 1.6% to 27,490.13
  • Topix up 1.7% to 1,826.30
  • Hang Seng Index down 0.5% to 27,548.52
  • Shanghai Composite up 0.7% to 3,576.21
  • Sensex up 0.01% to 48,181.06
  • Australia S&P/ASX 200 up 1.6% to 6,711.95
  • Kospi up 2.1% to 3,031.68
  • German 10Y yield rose 0.2 bps to -0.518%
  • Euro down 0.3% to $1.2286
  • Italian 10Y yield unchanged at 0.456%
  • Spanish 10Y yield rose 1.1 bps to 0.057%
  • Brent futures up 0.3% to $54.46/bbl
  • Gold spot down 0.2% to $1,915.26
  • U.S. Dollar Index up 0.2% to 89.67

Top Overnight News from Bloomberg

  • Joe Biden was formally recognized as the next U.S. president early Thursday, ending two months of failed challenges by his predecessor that exploded into violence at the Capitol as lawmakers met to ratify the election result
  • Trump, hours after his supporters broke into the Capitol, pledged “an orderly transition”
  • The total market value of cryptocurrencies surpassed $1 trillion for the first time amid a frenzied and volatile rally in Bitcoin

A quick look at global markets courtesy of Newsquawk

Asia-Pac bourses traded mostly higher as the region reacted to the Democrats winning control of the Senate which lifted most major indices on Wall St and buoyed cyclicals on anticipation of greater stimulus measures, with US equity futures also underpinned after the earlier siege on Capitol Hill was eventually resolved. Congress was evacuated earlier after pro-Trump protesters stormed buildings and halted the election certification procedure with reports of gunfire and suspected explosive devices in Washington D.C adding to the pandemonium, prompting the activation of the National Guard, although police have since taken back control and Senate has reconvened to certify the Presidential election results with many also blaming President Trump for inciting the insurrection. ASX 200 (+1.6%) and Nikkei 225 (+1.6%) surged with the sectors in Australia mirroring their stateside counterparts whereby cyclicals outperformed and tech suffered, while sentiment in Tokyo stocks also took its cue from global peers which overshadowed weaker wage data and a looming state of emergency decision. Hang Seng (-0.5%) and Shanghai Comp. (+0.7%) were indecisive and swung between gains and losses with heavy pressure in the telecom and tech giants after the NYSE and S&P Dow Jones announced to remove the major Chinese telecom firms and with US reportedly mulling prohibiting Americans from investing in Alibaba and Tencent Holdings. Finally, 10yr JGBs were lower with prices trickling further beneath the 152.00 level amid the gains in stocks, spillover selling from bear steepening in USTs and with the absence of BoJ purchases in the market today.

Top Asian News

  • Japan Declares Virus Emergency for Tokyo Amid Record Cases
  • Ant Plans Credit Unit Revamp to Avoid Sharp Drop in Loans
  • India Approves $4 Billion to Boost Industries in Kashmir
  • China Sentences Ex-State Bank Chief to Life on Bribery

European bourses see somewhat of a mixed session thus far (Euro Stoxx 50 Unch), as the Georgia-driven optimism in APAC hours fizzled out in early European trade amid a lack of fresh catalysts ahead of tomorrow’s US jobs data, and today’s IJC and Services PMI releases, while US equity futures post modest gains with the E-mini S&P matching its intraday record high of 3773.25 as European player entered the fray. Sectors in Europe also vary with no clear risk tone portrayed; though, around the cash open the sector breakdown did favour cyclicals, though the magnitudes were more contained than yesterday. Materials and Industrial names lead the gains whilst Healthcare, Travel and IT lag, and Energy alongside Banks take breathers after yesterday’s sizeable gains. Delving deeper into the sectors, Materials track upside in the base metals complex while Travel & Leisure is dented by airliners amid firmer oil prices alongside Ryanair (-2.9%) cutting its FY traffic forecast and significantly dropping its flight schedules from January 21st. As such, sympathy play is seen among peers including easyJet (-3.2%), IAG (-2.9%), Deutsche Lufthansa (-1.5%) and Air France (-1.5%); albeit, for the latter, French press Le Parisie noted that Air France will be provided further state aid this year. In terms of individual movers, Saint Gobain (+7.5%) leads the gains in the CAC after upping its Q4 and H2 2020 forecasts while guiding operating margin at a “record level”. German-heavyweight Bayer (+3.3%) lifts the DAX after CureVac (+12.7%) agreed to an alliance with Bayer to get global support in seeking approval for its experimental COVID-19 vaccine and for distribution. On the other end of the spectrum, Delivery Hero (-1.6%) is softer after it launched a cash capital increase via the issuance of around 9.4mln shares, equating to 4.7% of share capital.

Top European News

  • Denmark Charges Two Britons Over $1.6 Billion Cum-Ex Fraud
  • Euro- Area Economic Confidence Rises Despite Fresh Virus Curbs
  • Goldman Sees BOE Fighting New Recession With More Bond Buying
  • Johnson Vows to Slash Business Rules, Asking U.K. Bosses to Help

In FX, the Dollar remains in recovery mode, with the DXY rebounding from sub-89.500 lows, albeit in somewhat quieter and more measured fashion compared to Wednesday’s frantic price action awaiting confirmation of the Georgia run-off results and certification of Electoral College votes that was derailed by the siege on Capitol Hill before resuming to seal victory for President-in-waiting Biden. For the record, FOMC minutes were largely taken in stride, but upcoming IJC, trade and non-manufacturing ISM releases could be more market moving either side of comments from Fed’s Harker and Evans. Meanwhile, after extending losses on the Blue banner of fiscal and deficit excesses among other bearish factors, the Buck seems to have gleaned a degree of traction from the ongoing ramp up in US Treasury yields as 10 year cash inches further above 1% and the index hovers near the top of a 89.949-294 band.

  • JPY/CHF/AUD – Not much to chose between the Yen, Franc and Aussie in percentage terms at foot of the major leagues as they all continue to fall prey to the Greenback revival. However, the rebounds in Usd/Jpy and Usd/Chf through 103.65 and 0.8840 respectively alongside Aud/Usd relinquishing 0.7800+ status will be welcomed by the respective monetary authorities, especially as Aussie trade data disappointed overnight. Moreover, the BoJ and MoF have stressed the need for market stability and SNB remains fully committed to intervention as Japan and Switzerland battle against the latest spread of COVID-19.
  • EUR/NZD – The next weakest G10 links or least resilient to the Buck bounce, with the Euro topping out around 1.2350 again and not able to rely on underlying support from 1.2300 option expiries today, while the Kiwi has lost grip of the 0.7300 handle, albeit still holding up a bit better than its Antipodean counterpart as the Aud/Nzd cross stays mostly south of 1.0700.
  • CAD/GBP – Looming Canadian trade and Ivey PMIs may provide the Loonie with some independent inspiration, but for now Usd/Cad is hovering around 1.2700 and weighing firm crude prices vs relative US Dollar strength, and it’s a similar story for Sterling as Cable pivots 1.3600 assessing pandemic implications for the UK economy, Government finances and BoE policy in addition to external impulses.
  • SCANDI/EM – Oil’s exertions over Usd 51/brl in WTI terms and close to Usd 55 for Brent are keeping the Nok in the ascendency comfortably above 10.4000 vs the Eur, though the Sek is still struggling to mount a serious test of 10.0000 in wake of a slowdown in Sweden’s services PMI. Elsewhere, the Try continues its impressive comeback even though the EU has sanctioned Turkey, and in stark contrast to the Zar that has been hit even harder by reports about vaccinations not being effective against SA’s new virus strain

In commodities, WTI and Brent front month futures consolidate and trade off best levels, as the former briefly topped USD 51/bbl and the latter meanders around USD 54.50/bbl with prices underpinned by the OPEC+ meeting earlier this week and positive risk tone amid expectations of greater stimulus following the blue sweep in the Georgia Senate Run-offs. News flow for the complex has been light in European hours, although from a demand standpoint, Ryanair has cut its FY traffic forecast to 26-30mln passengers vs prev. guided below 35mln and will be significantly cutting its flight schedules from 21st January, thus the jet fuel demand aspect is on watch. Elsewhere, spot gold prices declined yesterday and tested USD 1900/oz to the downside as prices tracked real yields in US trade, with the yellow nursing some of its wounds overnight to stabilise around USD 1920/oz in European trade. Similarly, spot silver briefly dipped below USD 27/oz yesterday but replaced the status in overnight trade. Base metal prices further advanced overnight in a continuation of the Georgia run-off hype and reflationary play. LME copper meanwhile continues to extend gains above USD 8,100/t hitting levels last seen in 2013. Finally, Shanghai stainless steel futures extended gains overnight amid higher nickel feedstock costs coupled with tighter supply woes.

US Event Calendar

  • 8:30am: Initial Jobless Claims, est. 800,000, prior 787,000; Continuing Claims, est. 5.2m, prior 5.22m
  • 8:30am: Trade Balance, est. $67.3b deficit, prior $63.1b deficit
  • 9:45am: Bloomberg Consumer Comfort, prior 44.6
  • 10am: ISM Services Index, est. 54.5, prior 55.9

Central Banks:

  • 9am: Fed’s Harker Discusses the Economic Outlook
  • 9:30am: Fed’s Barkin Speaks to North Carolina Bankers Association
  • 12pm: Fed’s Bullard Discusses U.S. Economy and Monetary Policy
  • 1pm: Fed’s Evans Speaks at Bankers Event
  • 3:50pm: Fed’s Daly Speaks to Shadow Open Market Committee

DB’s Jim Reid concludes the overnight wrap

Regular readers over the last year will be aware that the soundtrack to my WFH has been “Chill Acoustic” radio. I work better with mellow music on in the background. However after 9 months I’ve become slightly bored of what is a rotation of exactly the same songs on an albeit long loop. As such I’ve imaginatively moved to “Smooth Chill” radio this week and to be honest I now constantly feel like I’ve left an Ibiza nightclub at 5am with the warm sun rising over the horizon rather than the dark, wet and cold Surrey mornings we’ve been having. It’s very ambient! So bear that in mind as you read my output. In fact there is no guarantee I won’t fall back to sleep before I finish this!

Markets certainly woke up for the year yesterday and reacted strongly after the final votes from the Georgia Senate races put the Democrats over the top in both contests, with cyclical assets in particular seeing large outperformance. However remarkable scenes from protestors storming the US Capitol in protest at Trump’s election defeat took the shine off the session (more below).

Nevertheless the Senate results mean that the so-called ‘Blue Wave’ scenario has finally come about, albeit via a tortuous journey, resulting in a slim Democratic majority in both chambers of Congress. The main implication being the prospect of a substantially larger US stimulus package once President-elect Biden comes to office, and giving further support to the reflation trade.

As investors anticipated further stimulus ahead, yesterday saw a substantial selloff in US Treasuries, with 10yr yields up +8.1bps to 1.036%. That takes them above the 1% barrier for the first time since mid-March, back when Treasury yields sunk to all-time lows as the coronavirus pandemic took hold around the world. Alongside this, there was a sizeable steepening in the yield curve, with the 2s10s curve up +6.3bps to 89.5bps, which is the steepest level in 3 years, while the 5s30s hit its steepest in 4 years. Notably, it was rising inflation expectations that drove the bulk of the increase in yields, with 10yr US breakevens up +4.1bps to 2.07%, taking them back to levels not seen since late-2018. This hit a low of 0.55% back in March so inflation expectations on this measure have been totally reappraised.

In more jarring US political news, the election certification process, which is normally fairly straight forward and ceremonial, was first interrupted by objections from Republican lawmakers, but then stopped altogether by protestors breeching the US Capitol Building. This followed a rally by President Trump in the morning, before the crowd started marching through the streets of Washington DC to Congress where the Senate and House were holding the joint session. Congress reconvened later in the evening in order to finish the certification process of the Presidential election which is still continuing as we go to print. The accepted electoral count is currently frozen at 244 to 157 while Pennsylvania is debated. In a sign of how extraordinary times are, Twitter, Facebook and Instagram temporarily blocked President Trump’s accounts overnight.

The protests and occupation of the Capitol moderated some of the initial market moves of the day with the S&P 500 (+0.57%) off the days highs of around +1.5%. Notwithstanding this set back, the Dow Jones (+1.44%) climbed to fresh all-time highs, as the small-cap Russell 2000 surged an even-stronger +3.98%. Cyclical sectors led the advance, with financials (+4.36%) and materials (+4.09%) the strongest-performing S&P 500 industry groups, in a broad-based move that saw over 80% of the index close higher on the day. Tech stocks strongly underperformed however, with the NASDAQ falling -0.61% thanks to the combination of rising bond yields and fears that a Democratic Washington means higher taxes and new regulations for big tech. The equal weight S&P 500 (+2.37%) saw its biggest out-performance of the main parent index since November 9, when the results of the US general election were finally called.

In terms of the ramifications, the Georgia results mean that President-elect Biden will now have united control of government at the start of his term, making another large fiscal stimulus package a likely outcome. It also gives Biden a lot more flexibility in his appointments to senior positions, because the Senate approves an array of posts including the cabinet, ambassadors, judges and the Federal Reserve Board of Governors. Indeed, had the Republicans kept control of the Senate, that would have made Biden the first president since George H. W. Bush in 1989 to not have his party controlling both houses of Congress at the start of his term of office, constraining his room for manoeuvre from the start.

This rotation out of safe havens into risk assets was seen across multiple asset classes yesterday. European equities surged alongside their US counterparts, with the STOXX 600 (+1.36%) hitting a post-pandemic high led by banks (+5.56%), whilst oil prices benefited too, with both Brent Crude (+1.31%) and WTI Oil (+1.40%) reaching their own post-pandemic highs of $54.30/bbl and $50.63/bbl respectively. Peripheral sovereign bonds in Europe were another to benefit from this pattern, with the spread of 10yr Italian debt over bunds (-5.7bps) tightening to a 4-year low of 1.09%, as the 10yr Spanish spread fell -4.6bps to its lowest in over a decade. Yields were still up across the board however, with those on bunds (+5.7bps), gilts (+3.4bps) and OATs (+1.7bps) all moving higher. Meanwhile, the traditionally haven Japanese Yen was the worst-performing among the G10 currencies (-0.31% vs USD), as precious metals including gold (-1.61%) and silver (-0.95%) similarly lost ground. On the other hand Bitcoin rose sharply, gaining +6.35% on the day and is up another +4.96% overnight to over $37,500.

Overnight in Asia markets have moved higher in tow with Wall Street’s moves outside of the Hang Seng (-0.38%) which is down on news that the Trump administration may bar investments in China’s Alibaba Group and Tencent. Investors might have difficulty unwinding their positions in these companies if this indeed happens as at $1.3tn, the combined market value of their primary listings is nearly twice the size of Spain’s stock market, while the firms together account for about 11% of the weighting for MSCI Inc.’s emerging markets benchmark. Sentiment for the Hang Seng was also sapped as the NYSE took a second U-turn this week saying that it now plans to go ahead with delisting China’s three major telecommunication companies after US Treasury Secretary Steven Mnuchin disagreed with its earlier decision to give the firms a reprieve. The Nikkei (+1.38%), Shanghai Comp (+0.18%) and Kospi ( +2.40%) are all up. Futures on the S&P 500 (+0.50%) and Nasdaq (+0.67%) are also trading higher.

In terms of the coronavirus pandemic, the drumbeat of negative news continued as we await the rollout of vaccination programmes. In the UK, another record number of cases were reported yesterday, at over 62k, along with more than a thousand daily deaths for the first time since the original wave back in April. Meanwhile in Ireland, new restrictions were announced, with the cabinet agreeing to keep most students out of school until at least the end of January, while non-essential construction projects will stop from Friday evening. Separately, yesterday saw the Moderna vaccine win approval in the EU, which comes as leaders on the continent have faced strong pressure to speed up the vaccination programme, with the numbers so far lagging well behind the US and the UK.

Fed minutes from the December meeting were released last night and some of the content is already well out of date. Many members referenced the downside risks of ending government support, but Congress has since agreed to fresh fiscal stimulus, with more likely on the way, following the Georgia runoffs. The virus and growing case counts were the other material down-side risk discussed, while upside risks remain pent-up demand and a robust vaccine rollout. The committee remained unconcerned with inflation and stressed that the new guidance is “qualitative” and that there would not be simple numerical targets at this time to trigger changes to monetary policy.

On the data front, the final Euro Area services PMI was revised down from the flash reading to 46.4 (vs. flash 47.3), while the composite number was also revised down to 49.1 (vs. flash 49.8). Nevertheless, despite the downward revisions from the flash prints, they’re still a lot stronger than the market was originally expecting for December. Elsewhere in the US ahead of tomorrow’s December jobs report, the ADP’s employment reading for December showed a -123k reduction in private payrolls (vs +75k expected), which was the first decline in that reading since April. However, US factory orders in November surprised to the upside, rising by +1.0% (vs. +0.7% expected).

To the day ahead now, and data releases include December’s construction PMI from the UK and Germany, German factory orders for November, Italy’s preliminary December CPI reading and Euro Area retail sales for November. Meanwhile from the US, there’s the weekly initial jobless claims, the ISM services index for December, along with the November trade balance. Finally, central bank speakers today include the Fed’s Harker, Barker, Bullard, Evans and Daly.

3A/ASIAN AFFAIRS

i)THURSDAY MORNING/ WEDNESDAY NIGHT: 

SHANGHAI CLOSED UP 25.33 PTS OR .71%   //Hang Sang CLOSED DOWN 143.78 PTS OR .52%  434.19 POINTS OR 0.52%//Australia’s all ordinaires CLOSED UP 1.44%

/Chinese yuan (ONSHORE) closed DOWN AT 6.4667 /Oil UP TO  50.89 dollars per barrel for WTI and 54.29  for Brent. Stocks in Europe OPENED ALL MIXED//  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.4667. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.4572 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19  : /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

 

 

3 a./NORTH KOREA/ SOUTH KOREA

South Korea

b) REPORT ON JAPAN

3 C CHINA

CHINA/USA

Dr Yan published her second report and she states it is an unrestricted bioweapon

Louise//Techstarups.com

special thanks to Robert H for sending this to us

Chinese coronavirus whistleblower Dr. Li-Meng Yan just published her second coronavirus scientific report: “SARS-CoV-2 Is an Unrestricted Bioweapon”



 

Late last month, Chinese virologist Dr. Li-Meng Yan published a paper that claimed the Chinese Communist Party intentionally created and unleashed COVID19 upon the world as part of biological warfare. She later created a Twitter account to tell her story. Twitter immediately shut down her account within two days after her account was created.

Dr. Li-Meng Yan is now fighting back. Today, she created a new account on Twitter and also published her second scientific report is published in zenodo. The report is titled: “SARS-CoV-2 Is an Unrestricted Bioweapon: A Truth Revealed through Uncovering a Large-Scale, Organized Scientific Fraud.”

In her second report, Dr. Yan suggested two possibilities for the origin of SARS-CoV-2: natural evolution or laboratory creation. In her earlier report titled “Unusual Features of the SARS-CoV-2 Genome Suggesting Sophisticated Laboratory Modification Rather Than Natural Evolution and Delineation of Its Probable Synthetic Route,” Dr. Yan and two other Chinese scientists “disproved the possibility of SARS-CoV-2 arising naturally through evolution and instead proved that SARS-CoV-2 must have been a product of laboratory modification. Despite this and similar efforts, the laboratory creation theory continues to be downplayed or even diminished. This is fundamental because the natural origin theory remains supported by several novel coronaviruses published after the start of the outbreak.

According to Dr. Yan, these viruses (the RaTG13 bat coronavirus, a series of pangolin coronaviruses, and the RmYN02 bat coronavirus) reportedly share high sequence homology with SARS-CoV-2 and have altogether constructed a seemingly plausible pathway for the natural evolution of SARS-CoV-2. Here, however, we use in-depth analyses of the available data and literature to prove that these novel animal coronaviruses do not exist in nature and their sequences have been fabricated. In addition, we also offer our insights on the hypothesis that SARS-CoV-2 may have originated naturally from a coronavirus that infected the Mojiang miners.

“Revelation of these virus fabrications renders the natural origin theory unfounded. It also strengthens our earlier assertion that SARS-CoV-2 is a product of laboratory modification, which can be created in approximately six months using a template virus owned by a laboratory of the People’s Liberation Army (PLA). The fact that data fabrications were used to cover up the true origin of SARS-CoV-2 further implicates that the laboratory modification here is beyond simple gain-of-function research.

 

Below is a screenshot of her tweet.

Back in April, Dr. Li-Meng Yan fled Hong Kong after running into collision with the Chinese government over the origins of coronavirus. On Tuesday night, Dr. Yan broke her silence saying that the Chinese government intentionally manufactured and released the COVID-19 virus that led to mass shutdowns and deaths across the world. Dr. Yan was one of the first scientists in the world to study the coronavirus outbreak in Wuhan, China back in December 2019 before the rest of the world even knew the virus existed.

Dr. Li-Meng Yan said she believes China knew about the coronavirus well before it claimed it did. She says her supervisors also ignored research she was doing that she believes could have saved lives. Dr. Yan went on to say that COVID-19 is man-made and that the virus was created by the Chinese military.

Before the start of COVID-19, Dr. Li-Meng Yan was working at the Hong Kong School of Public Health. She later turned whistleblower on the Chinese Government after she alleged they knew about the spread of the coronavirus before publicly acknowledging the outbreak.

“I work[ed] in the WHO reference lab which is the top coronavirus lab in the world, in the University of Hong Kong. And the thing is I get deeply into such investigation in secret from the early beginning of this outbreak. I had my intelligence because I also get my own unit network in China, involved [in] the hospital … also I work with the top corona[virus] virologist in the world,” Dr. Yan told Fox News host Tucker Carlson in an exclusive interview on Tuesday night

When asked whether she believed the Chinese communist party released the virus “on purpose.” “Yes, of course, it’s intentionally,” she responded.

Dr. Yan amazed over 26,000 new followers within hours after her new account was created.

4/EUROPEAN AFFAIRS

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL/SYRIA

Israel strikes hard into Damascus

(zerohedge)

 

Israeli Airstrikes Rock Damascus At Moment All Eyes Are On US Capitol

 
WEDNESDAY, JAN 06, 2021 – 20:30

At a moment international media and political leaders are focused on watching the mayhem unfolding on Capitol Hill, Israel has again attacked Syria, hitting southern Damascus with a series of airstrikes Wednesday night

This is the third such Israeli attack in three weeks, during which Syrian air defenses were active and said to have intercepted some of the inbound missiles. 

Via Arab News

State-run SANA said the strikes were launched from the direction Golan Heights region, and that many missiles were successfully intercepted.

According to The Jerusalem Post

An alleged Israeli airstrike targeted locations in southern Syria as explosions were heard in the skies over Damascus on Wednesday night, according to Syrian state media SANA.The strikes were launched from the Golan Heights, a Syrian military source told SANA, claiming that most of the incoming missiles were intercepted by Syrian air defenses.

While it’s likely that Israel already had the targets in mind – given also such attacks have become almost “routine” – it appears the Israeli Defense Forces (IDF) intentionally conducted the operation at a moment the world’s eyes are fixated on watching events unfold in Washington D.C.

Casualties are as yet unknown, with the extent of damage further unconfirmed. During a prior Christmas Eve attack on the Syrian countryside there were multiple casualties reported. 

Israel has long claimed its attacks are primarily against Iranian troop positions and weapons smuggling operations connected to Hezbollah.

END
Iran
Iran fighting hard to control the Strait of Hormuz as it deals with USA imposed sanctions
(South Front)

Iran Uses Its Grip On Strait Of Hormuz To Fight Back US-imposed Sanctions

 
WEDNESDAY, JAN 06, 2021 – 22:10

Submitted by South Front,

On January 4, the Navy of the Iranian Islamic Revolutionary Guard Corps detained a South Korea-flagged oil tanker in the Strait of Hormuz over an alleged environmental pollution issue. The chemical tanker HANKUK CHEMI was inbound to Fujairah in the United Arab Emirates. Ahead of the incident, the United Kingdom Maritime Trade Operations naval authority reported that an “interaction” between Iranian authorities and a merchant vessel in the Strait of Hormuz led the ship to alter its course and proceed into Iranian waters.

Following the incident, the South Korean Defense Ministry said that it will send its anti-piracy Cheonghae unit, normally based in the Gulf of Aden, along with helicopters to the Persian Gulf. The 302-strong Cheonghae unit operates a 4,500-ton destroyer, a Lynx anti-submarine helicopter and three speed boats.

The deployment of this unit is a rather a symbolic move than a practical step that should allow to protect South Korea-flagged ships in the region as Iranian forces have an overwhelming dominance there and using its conventional and asymmetric capabilities can even challenge the US military in the event of a limited military confrontation there.

Two days before the seizure of the tanker, Iran said a South Korean diplomat was due to travel to the country to negotiate over billions of dollars in its assets now frozen in Seoul. The total amount of Iranian money blocked in South Korea is up to $8.5 billion and Tehran declared its readiness to barter its money for deliveries of a variety of goods and commodities, including raw materials, medicine, petrochemicals, auto parts, home appliances.

Apparently, Iran thinks that South Korea needs some additional motivation to go contrary to the will of its Big Brother and accept the Iranian proposal.

Another important diplomatic achievement was made by Qatar, which is known as not only a Turkish ally, but also the Gulf monarchy that has constructive relations with Iran. On January 4, Saudi Arabia lifted the 4-year air, sea and land blockade that it together with the UAE, Kuwait, Egypt and Bahrain imposed on Qatar. In June 2017, the blockading countries accused Qatar, among other things, of supporting terrorism and of being too close to Iran. They severed economic and diplomatic ties with Doha and imposed a land, sea and air blockade on it. Qatar rejected all the allegations and refused to comply with a long list of demands announced by the blockading countries. So, now the anti-Qatari coalition is in retreat. The main factors that contributed to this scenario are the following:

  • a deep crisis faced by Saudi Arabia due to the failed intervention in Yemen and its oil war adventure;
  • the UAE-Saudi tensions that reached a new level due to the declining power of the Saudi Kingdom;
  • the growth of the influence of Iran and its popularity among the population of the Middle East due to the public rapprochement of the Gulf monarchies with Israel;
  • the stern stance of Qatar itself that used the blockade to develop alternative alliances and strengthen relations with Turkey, Iran and even Russia to contain the pressure it faced.

The Israeli-aligned Gulf monarchies will likely try to use the lifting of the blockade to convince Doha to officially join the US-led pro-Israeli coalition. However, even if Qatar does this under the pressure of the United States and with hopes of restoring economic relations with its neighbors, this does not mean that Doha would change its de-facto regional strategy as the previous years already demonstrated that the national-oriented approach is much more useful in times of crises than empty hopes on large revenues from Israeli love.

end

IRAN/SOUTH KOREA

South Korea sends in a warship in the Persian Gulf after Iran has seized one of its tankers. Both are in talks to release the tanker and the $7 billion held by South Korea on USA orders.

(DeCamp/Antiwar.com)

South Korean Warship Now Patrolling Persian Gulf After Iran Seized Tanker

 
WEDNESDAY, JAN 06, 2021 – 22:50

Authored by Dave DeCamp via AntiWar.com,

A South Korean warship sailed into the Persian Gulf on Tuesday after Iran seized a South Korean-flagged tanker in the waters.

South Korea’s defense ministry said the destroyer Choi Young was operating near the Strait of Hormuz. “It is carrying out missions to ensure the safety of our nationals,” South Korean Defense Ministry spokesperson Boo Seung Chan said of the destroyer.

 

South Korean Navy’s Chungmugong Yi Sun Sin class destroyer Choi Young, via The Drive/RIMPAC

South Korea has approximately 300 members of an anti-piracy unit that have been operating in the region since last year and are reportedly on board the Choi Young destroyer.

According to The Drive, among its weapons systems include the following

The primary armament on these ships are Mk 41 Vertical Launch System (VLS) arrays, with each of the destroyers having a total of 64 cells. These can be loaded with a mixture of U.S.-made Standard Missile 2 Block IIIA surface-to-air missiles or South Korean-designed Hyunmoo-3 land-attack cruise missiles, as well as the Korean Anti-Submarine Rocket (K-ASROC), also known as the Red Shark, an anti-submarine weapon that has a homing torpedo as its warhead. We don’t know what the Choi Young‘s exact loadout is on this deployment.

Officials in Seoul insist that the situation with Iran will be resolved diplomatically, despite the deployment of the warship.

South Korea is sending a delegation to Iran to negotiate the release of the tanker ahead of a planned visit to Tehran next week.

Iranian media first reported the seizure of the South Korean tanker Hankuk Chemi on Monday. The ship was carrying about 7,200 tons of chemicals and sailing from Saudi Arabia to the UAE.

Iranian officials said the ship was seized for violating environmental protocols and polluting the waters of the Gulf, but some suspect it is related to the $7 billion of Iranian funds South Korea has frozen due to US sanctions.

6.Global Issues

CORONAVIRUS UPDATE/CHINA/GLOBE
 

China Locks Down City As 200 Cases Confirmed; Japan Orders COVID State Of Emergency: Live Updates

 
THURSDAY, JAN 07, 2021 – 8:10

Summary:

  • US reports record COVID deaths
  • US tops 21MM
  • China locks down city
  • Japan imposes state of emergency
  • WHO urges more European countries to lock down population
  • India reports 20.4K new cases
  • South Korea reports 870
  • Kansas Rep. tests positive
  • Southeast Asia outbreak worsens
  • London weeks away from running out of ICU beds

* * *

China’s worst outbreak since June has prompted the CCP to further tighten restrictions in Hebei, with the entirety of the city of Shijiazhuang (the provincial capital, only a 3.5 hour car ride from Beijing) now on lockdown as authorities carry out another mass coronavirus testing campaign. All vehicles, and people, are barred from leaving and entering the city.

Health-care workers have confirmed nearly 200 new cases in the city over the past few days, prompting the lockdown, which is interrupting local officials’ ability to enforce a the veneer of normalcy in Chinese life.

Health authorities in Tokyo confirmed 2.4K+ new cases yesterday as PM Yoshihide Suga finally declared a COVID state of emergency, asking bars and restaurants in Tokyo and three other Tokyo-adjacent prefectures to close early, and residents to stay home at night while workers telecommute. The state of emergency is expected to last for a month.

As a new COVID outbreak flares in China, Australia’s Foreign Minister Marise Payne spoke out Thursday to ask Beijing to cooperate with an independent WHO investigation into the origins of the coronavirus pandemic. Beijing has refused to allow investigators into the Wuhan Institute of Virology and generally stymied the organization’s search.

As the number of confirmed cases worldwide nears 88MM, the tally in the US has topped 21MM. The US reported a record number of new deaths in a single day, with more than 3.7K.

Hospitalizations are worsening across the country…

…but particularly in the South.

As Germany extends its lockdown measures and other European nations plot their own lockdown expansions, the WHO has officially urged the Continent’s leaders to do more. More than 308,000 people in England received a vaccination from the country’s health service in the week ended Jan. 3, which was more than the prior week, another sign that the UK and Germany are leading the push to vaccinate their populations in Europe. France continues to lag, as authorities contend with considerable levels of vaccine skepticism. ,

Here are some other COVID-linked stories from overnight and Thursday morning:

  • India reports 20,346 cases in the last 24 hours, up from 18,088 the previous day and breaking a five-day streak of fewer than 20,000 cases, bringing the country’s total COVID-19 infections to nearly 10.4 million. Deaths climbed by 222 to 150,336 (Source: Nikkei).
  • South Korea reports 870 new cases, up from 838 a day ago. Total infections have reached 66,686 with 1,046 deaths (Source: Nikkei).
  • Rep. Jake LaTurner, a newly elected Republican Congressman from Kansas, has released a statement saying he got the result after he was in the Capitol building in Washington DC on Wednesday (Source: NY Post).
  • Ireland is now treating 1,022 Covid-10 hospitalized patients, authorities said, the highest figure since the pandemic began. Some 88 patients are in intensive care. About 94% of intensive care beds were occupied on Wednesday night, though hospitals still have so-called surge capacity in reserve (Source: Bloomberg).
  • Rates of infection are rising in Southeast Asia, with Malaysia recording 3,027 positive cases, setting a record for a second straight day. Indonesia also saw its biggest daily rise in cases (Source: Bloomberg).

Finally, in the latest round of warnings about overflowing hospitals, authorities in the UK claimed Thursday that London hospitals could run out of ICU beds for patients within two weeks as the number of COVID-19 cases soars, news service HSJ reported, citing a presentation by NHS England.

END

7. OIL ISSUES

end

8 EMERGING MARKET ISSUES

 

Your early morning currency/gold and silver pricing/Asian and European bourse movements/ and interest rate settings THURSDAY morning 7:00 AM….

Euro/USA 1.2271 DOWN .0068 REACTING TO MERKEL’S FAILED COALITION/ REACTING TO +GERMAN ELECTION WHERE ALT RIGHT PARTY ENTERS THE BUNDESTAG/ huge Deutsche bank problems ///ITALIAN CHAOS//CORONAVIRUS/PANDEMIC/TRUMP POSITIVE WITH VIRUS /AND NOW ECB TAPERING BOND PURCHASES/JAPAN TAPERING BOND PURCHASES /USA RISING INTEREST RATES /FLOODING/EUROPE BOURSES /MIXED

USA/JAPAN YEN 103.61 DOWN 0.406 (Abe’s new negative interest rate (NIRP), a total DISASTER/NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3606   DOWN   0.0018  (Brexit March 29/ 2019/ARTICLE 50 SIGNED/BREXIT FEES WILL BE CAPPED/

USA/CAN 1.2716 UP .0051 CANADA WORRIED ABOUT TRADE WITH THE USA WITH TRUMP ELECTION/ITALIAN EXIT AND GREXIT FROM EU/(TRUMP INITIATES LUMBER TARIFFS ON CANADA/CANADA HAS A HUGE HOUSEHOLD DEBT/GDP PROBLEM) 

 

Early THIS  THURSDAY morning in Europe, the Euro FELL BY 68 basis points, trading now ABOVE the important 1.08 level FALLING to 1.2271 Last night Shanghai COMPOSITE UP 25.33 PTS OR .71%

//Hang Sang CLOSED DOWN 143.78  POINTS OR .52% 

/AUSTRALIA CLOSED UP 1,44%// EUROPEAN BOURSES ALL MIXED

Trading from Europe and Asia

EUROPEAN BOURSES ALL MIXED

2/ CHINESE BOURSES / :Hang Sang CLOSED DOWN 143.78 PTS OR .52% 

/SHANGHAI CLOSED UP 25.33   PTS OR .71% 

Australia BOURSE CLOSED UP 1.44% 

Nikkei (Japan) CLOSED UP 434.19  POINTS OR 0.52%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 1918.00

silver:$27.15-

Early THURSDAY morning USA 10 year bond yield: 1.056% !!! UP 2 IN POINTS from WEDNESDAY’S night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.

The 30 yr bond yield 1.837 UP 2  IN BASIS POINTS from WEDNESDAY night.

USA dollar index early THURSDAY morning: 89.77 UP 24 CENT(S) from  WEDNESDAY’s close.

This ends early morning numbers THURSDAY MORNING

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx6

And now your closing  THURSDAY NUMBERS \1: 00 PM

Portuguese 10 year bond yield: 0.00% DOWN 3 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +.04.%  UP 2   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/56

SPANISH 10 YR BOND YIELD: 0.05%//UP 1 in basis point yield from yesterday.

ITALIAN 10 YR BOND YIELD:0.56 DOWN 1 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 50 points higher than Spain.

GERMAN 10 YR BOND YIELD: RISES TO –.55% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.11% AND NOW ABOVE THE  THE 3.00% LEVEL WHICH WILL IMPLODE THE ENTIRE ITALIAN BANKING SYSTEM. AT 4% SPREAD THERE WILL BE A HUGE BANK RUN…

END

IMPORTANT CURRENCY CLOSES FOR THURSDAY

Closing currency crosses for THURSDAY night/USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM

Euro/USA 1.2266  DOWN     .0073 or 73 basis points

USA/Japan: 103.83 UP .809 OR YEN DOWN 81  basis points/

Great Britain/USA 1.3590 DOWN .0065 POUND DOWN 65  BASIS POINTS)

Canadian dollar DOWN 15 basis points to 1.2679

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,  CNY: closed DOWN AT 6.4783    ON SHORE  (DOWN)..

 

THE USA/YUAN OFFSHORE:  6.4716  (YUAN DOWN)..

 

TURKISH LIRA:  7.35  EXTREMELY DANGEROUS LEVEL/DEATH WISH.

the 10 yr Japanese bond yield  at +0.04%

Your closing 10 yr US bond yield UP 4 IN basis points from WEDNESDAY at 1.076 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.858 UP 4 in basis points on the day

Your closing USA dollar index, 89/85 UP 32  CENT(S) ON THE DAY/1.00 PM/

Your closing bourses for Europe and the Dow along with the USA dollar index closing and interest rates for THURSDAY: 12:00 PM

London: CLOSED UP 15.16  0.22%

German Dax :  CLOSED UP 76.27 POINTS OR .55%

Paris Cac CLOSED UP 39.25 POINTS 0.70%

Spain IBEX CLOSED UP 35.50 POINTS or 0.43%

Italian MIB: CLOSED UP 11.76 POINTS OR 0.175%

WTI Oil price; 50.76 12:00  PM  EST

Brent Oil: 54.42 12:00 EST

USA /RUSSIAN /   RUBLE FALLS:    74.87  THE CROSS HIGHER BY 0.92 RUBLES/DOLLAR (RUBLE LOWER BY 92 BASIS PTS)

TODAY THE GERMAN YIELD RISES  TO –.55 FOR THE 10 YR BOND 1.00 PM EST EST

END

This ends the stock indices, oil price, currency crosses and interest rate closes for today 4:30 PM

Closing Price f0r Oil, 4:00 pm/and 10 year USA interest rate:

WTI CRUDE OILPRICE 4:30 PM :  50.07//

BRENT :  54.48

USA 10 YR BOND YIELD: …    1.077..up 4 basis points…

USA 30 YR BOND YIELD: 1.850 up 4 basis points..

EURO/USA 1.2266 ( DOWN 73   BASIS POINTS)

USA/JAPANESE YEN:103.83 UP .809 (YEN DOWN 81 BASIS POINTS/..

USA DOLLAR INDEX: 89.84 UP 31 cent(s)/

The British pound at 4 pm   Britain Pound/USA:1.3559 down 65  POINTS

the Turkish lira close: 7.34

the Russian rouble 74.49   DOWN 0.57 Roubles against the uSA dollar. (DOWN 57 BASIS POINTS)

Canadian dollar:  1.2679 DOWN 15 BASIS pts

German 10 yr bond yield at 5 pm: ,-0.55%

The Dow closed UP 211.73 POINTS OR 0.68%

NASDAQ closed UP 326.69 POINTS OR 2.56%


VOLATILITY INDEX:  22.40 CLOSED down 2.67

LIBOR 3 MONTH DURATION: 0.234%//libor dropping like a stone

USA trading today in Graph Form

Stocks, Crypto, & Bond Yields Soar After “Darkest Moment In American History”

Tyler Durden's Photo
BY TYLER DURDEN
THURSDAY, JAN 07, 2021 – 16:00

The hyperbole from every talking-head on what occurred in DC yesterday could not have been more, well, hyperbolic… from “Pearl Harbor” comparisons to the “darkest day in American history” to calls for Trump’s immediate execution/termination/impeachment/exile (take your pick).

Before introducing his Justice Department picks from Wilmington, Delaware, on Thursday, Biden offered comments on Wednesday’s [chaos at the Capitol] which he deemed “one of the darkest days in the history of our nation” and “an unprecedented assault on our democracy.”

“All of us here grieve the loss of life, grieve the desecration of the people’s house. But what we witnessed yesterday was not dissent. It was not disorder. It was not protests. It was chaos,” Biden said.

“They weren’t protesters. Don’t dare call them protesters. They were a riotous mob, insurrectionists, domestic terrorists.”

But, that didn’t stop stocks – which apparently love all the chaos…

As everything ripped higher again at the cash open and even the Nasdaq managed to push into the green for 2021 (biggest daily gain in two months)… Small Caps continue to charge highest…

NOTE – after Monday’s opening plunge, each day has seen a buying panic at the cash open…

Record highs for stocks! … and record valuations…

Source: Bloomberg

We even heard someone defending this farce by saying that stocks rallied during WWII, even before we won – oh great!

And if this rise was due to ISM data, that’s an utter farce because of the misattribution of COVID-lockdown-driven supply chain disruptions causing longer delays for Supplier Deliveries (that is not a positive factor!).

Elon Musk became the richest man in the world, because…

Source: Bloomberg

Value stocks are leading the way in 2021…

Source: Bloomberg

Banks were aggressively bid again…

Source: Bloomberg

While FANG stocks bounced back notably…(as they shut down Trump’s accounts)

Source: Bloomberg

And all thanks to the fact that the Fed is still monetizing 0.6% of US GDP every month…and are not going to stop anytime soon…

Source: Bloomberg

Cryptos were also enthralled – perhaps more correctly – by the chaos…

Source: Bloomberg

Bitcoin topped $40k before getting monkeyhammered and then bouncing back hard…

Source: Bloomberg

Ethereum remains below its record high but is getting close…

Source: Bloomberg

And as the reflation trade takes hold once again, Treasury yields spiked further (up 3-4bps)

Source: Bloomberg

And this didn’t help – KAPLAN: EXPECT YIELDS TO RISE DUE TO BETTER ECONOMIC OUTLOOK

10Y Yields move higher – nearing 1.09% intraday and the highest since the spike in March…

Source: Bloomberg

The dollar surprised, spiking to 2021 highs…

Source: Bloomberg

Gold managed gains despite the dollar gain, but erased most of yesterday’s DC-based fear moves…

Oil also managed gains with WTI closing just shy of $51…

And if commodities are right, 10Y yields have a long way higher to go… 2.00%?!

Source: Bloomberg

Finally, on the bright side, we hardly heard a word about the deadly pandemic that has dominated media coverage for months…

Source: Bloomberg

a)Market trading/LAST NIGHT/USA

 
 

b)MARKET TRADING/USA//Non farm payrolls

 
 

ii)Market data/USA

A massive plunge in Illinois jobless claims improves the total jobless claims report. It is a phony!

(zerohedge)

Jobless Claims Improved Last Week Thanks To ‘Odd’ Plunge In Illinois

 
THURSDAY, JAN 07, 2021 – 8:38

Following ADP’s major disappointment yesterday, and ahead of tomorrow’s headline-making payrolls print, analysts expected a nudge higher in initial jobless claims last week after two weeks of modest improvements. Instead, initial claims modestly improved from a revised 790k the prior week to 787k last week (better than the 800k expected)…

Source: Bloomberg

A massive plunge in Illinois claims appears to the culprit for the improvement

Pandemic Emergency jobless claims fell last week also…

Source: Bloomberg

Overall, around 20 million Americans remain on government jobless benefits…

Source: Bloomberg

As Joe Brusuelas notes, seasonal factors at the turn of the year tend to damp claims & we are certain that this data understates the true number of those out of work.

There are 19.1 million individuals on some form of UI benefit.

END
 
Trade gap widens to 68.1 billion dollars in November. 
Not good
 
(Market Watch)

U.S. trade deficit widens 8% in November

Jan. 7, 2021 at 8:45 a.m. ET

MarketWatch

Imports advance at faster pace than exports as U.S. economy recovers from pandemic

The numbers: The U.S. trade deficit widened 8% in November, as Americans maintained their appetite for foreign goods, the U.S. Commerce Department said Thursday.

The trade gap expanded to $68.1 billion from $63.1 billion in the prior month. Economists surveyed by the Wall Street Journal had forecast a deficit of $67.3 billion.

What happened: Both imports and exports grew in November, but imports expanded at a much faster pace.

Imports rose 2.9% to $252.3 billion in November, while exports jumped 1.2% to $184.2 billion.

Big picture: In contrast to the economy after the financial crisis in 2008, trade flows have largely recovered from the global pandemic this year, said IMF Chief Economist Gita Gopinath. Still, economists are worried that much of the world is using the demand of the U.S. consumer to spur exports, without creating demand for reciprocal trade.

-END-

iii) Important USA Economic Stories

Manhattan office vacancies hit record highs as work at home continues to dominate

(zerohedge)

Manhattan Office Vacancies Hit Record High As Work-At-Home Dominates 

 
THURSDAY, JAN 07, 2021 – 11:15

Manhattan’s office market is facing its highest availability on record as new rental deals slump and sublease openings jump, according to Bloomberg

A new report from commercial real estate firm Savills said Manhattan’s office vacancy rate ended 2020 at 15.1%, a record high, up from 11.1% in 2019. 

More than 68 million square feet of office space lay dormant in the borough in the fourth quarter, including 18.6 million square feet of sublease space available for tenants attempting to downsize. 

When it comes to remote work, many corporations have embraced the at-home work environment for their employees to mitigate virus spreading in the office. As a result, companies are shrinking their footprints, which has resulted in the availability rate for Manhattan office space to hit a record high. 

 

Source: Bloomberg 

Savills said new leases in the fourth quarter plunged 64% from a year ago to 4.6 million square feet. “Extension agreements and short-term rentals dominated as tenants delayed major decisions while weighing the impact of remote working and pandemic-induced economic uncertainty,” Savills said.

Sarah Dreyer, head of Americas research at Savills, said average asking rents for “Grade-A” office space fell 8.6% to 90.42 a square foot. She said the decline doesn’t factor in concessions such as free months or tenant-improvement allowances. 

The borough’s surging vacancy rate comes as no surprise considering high-frequency data in December showed foot traffic in Manhattan was muted. 

Those hoping for the return of office workers to the financial district have been nothing more than disappointed as foot traffic declines, yet again. 

 

Source: Bloomberg 

The low rate of office workers returning to Manhattan is a significant disappointment for anyone who remotely thought NYC’s economic recovery would resemble a “V” by the fourth quarter. It’s likely the city’s economy will lag the rest of the country by a couple of years

We noted back in October that only 10% of Manhattan office workers were back

New York City’s structural dependence on property-tax revenue makes it highly vulnerable to fiscal deterioration as work-from-home threatens the commercial real estate industry. 

ELECTION CHAOS

STORY NO 1

CBS

A newly elected state senator not sworn in as the State Senators refuse to swear him in

(CBS)

Republicans also voted on a motion to remove Lt. Gov. John Fetterman, a Democrat, as the presiding officer, after Fetterman insisted that Brewster be seated with the other senators.

 

 
  • Protest Turns Into Mob At U.S. Capitol00:00 – 1M AGO
  • Law Enforcement Continues Riot Disbursement07:21 – 8M AGO
  • Mob In D.C. Over Election Certification09:18 – 17M AGO
  • Riot Disbursement At U.S Capitol13:30 – 31M AGO
  • Law Enforcement Begins Crowd Disbursement08:28 – 39M AGO
  • Dispersement Of Crowds Begins02:15 – 42M AGO
  • D.C Mayor Sets Curfew Amid Protests06:14 – 48M AGO
  • Live Updates From Senator In Captiol11:11 – 59M AGO
  • CBSN National Live Feed Of Protests09:39 – 1H AGO
  • Protests Erupt Outside The White House14:45 – 1H AGO
  • President Trump Speaks On Protests01:23 – 1H AGO
 

HARRISBURG, Pa. (KDKA) — A local Democratic state senator, certified by the state as receiving the most votes, was denied his seat in the Pennsylvania Senate in a raucous swearing-in day at the state Capital in Harrisburg.

Senate Republicans, who hold the majority, refused to let Pa. Sen. Jim Brewster of McKeesport take the oath of office. When Lt. Gov. John Fetterman, a Democrat, came to Brewster’s defense, the Republicans removed him as presiding officer.

Pounding the gavel, Fetterman declared on Tuesday afternoon, “The Senate will now come to order.”

The day began with Fetterman as president of the Senate, but when Republican senators tried to deny Democrat Brewster, certified with 69 more votes than his Republican challenger, the right to take the oath of office, Fetterman intervened.

“The chair does not find that in order,” the Lt. Governor declared.

So then Republicans voted to remove Fetterman from the chair.

“The ayes are 14 and the nays are 11,” declared President Pro Tempore Jake Corman, a Republican, “and the Lieutenant Governor has been removed from the Senate for the day.”

END
 
ELECTION CHAOS NUMBER 2
 
the real story behind the rioting: who orchestrated the buses of Antifa plus many other oddities
 
(Michael Snyder)

Questions About The Chaos At The Capitol That Desperately Need To Be Answered

 
THURSDAY, JAN 07, 2021 – 8:25

Authored by Michael Snyder via TheMostImportantNews.com,

Like most Americans, I was absolutely horrified by the violence that I watched at the U.S. Capitol on Wednesday.  But I had a difficult time trying to understand what I was witnessing.  Trump supporters are almost always extremely peaceful, but many of those that were storming the Capitol were being very violent.  That didn’t make sense to me.  And how in the world did protesters get into the U.S. Capitol in the first place?

Well, it turns out that police actually opened up the barricades that were surrounding the U.S. Capitol and purposely allowed protesters to storm the building.  You can see this on video right here

I have never seen anything like that in my entire life.

And once they were inside the building, they were herded toward particular areas.  For example, you can watch one “guard” actually lead protesters up several flights of stairs right here

Either the U.S. Congress has the worst security personnel that any of us have ever seen, or this was allowed to happen on purpose.

And there are multiple reports that Antifa activists were brought in by bus.  In fact, one patriot actually recorded video of the Antifa buses that were brought into the heart of Washington D.C. with an escort…

And there are multiple reports that Antifa activists were brought in by bus.  In fact, one patriot actually recorded video of the Antifa buses that were brought into the heart of Washington D.C. with an escort…

So who arranged for those Antifa buses to have that sort of an escort?

It is almost as if someone was extremely determined to get those Antifa activists to their location so that they could do their job.

Once they got inside the Capitol, the Antifa activists could have done a much better job of disguising themselves.

In fact, one has already been positively identified as a member of Philly Antifa…

In fact, one has already been positively identified as a member of Philly Antifa…

If he wanted to pass as a “Trump supporter”, he probably should have covered up the hammer and sickle that are tattooed on the back of his hand…

Perhaps the most famous “protester” from the chaos on Wednesday is “the guy with the Viking horns”.

Well, it turns out that he was photographed at a BLM rally in Arizona wearing the exact same outfit back in June

And he was also photographed at a “climate activism” event in 2019

Apparently his name is Jake Angeli and he is a “shamanic practitioner”.  But on Wednesday he was posing as a hardcore Trump supporter.

So why can’t the mainstream media put any of these pieces together?

It shouldn’t take too much detective work to identify a lot of these people.

So why won’t they do it?

And did you notice that the police let the vast majority of the “protesters” go without arresting them once it was all over?

The mainstream media is insisting that “they will be arrested later”, but a lot of people aren’t buying that.

All of this just seems very odd to me.

Just as a debate about the evidence of election irregularities was about to begin in the halls of Congress, these riots conveniently broke out.

Members of Congress were quickly evacuated, and the millions of Americans that were watching never got to see an honest debate about the 2020 election.

When proceedings finally resumed, the entire atmosphere had completely changed, and all of a sudden hardly anyone was interested in debating whether the election results were legitimate or not.

So who actually benefitted from the riots?

Also, it is important to note that these riots have dealt a severe blow to any political future that President Trump hoped to have.

So with one stone, activists have neutered the debate over the legitimacy of the election and they have devastated the Trump movement as well.

It appears that someone really was playing “3D chess”, and it wasn’t Trump and his supporters.

And this is just the beginning.  As I keep warning, the radical left will never be satisfied until they accomplish all of their goals.

Electing Joe Biden was just a way to get rid of Trump.  The radical left actually doesn’t like Biden either, and they will fight him bitterly if Biden does not go along with their full agenda.

In the end, what they want is a full-blown “revolution” in this country.  And as we witnessed on Wednesday, they will go to extreme lengths in order to get what they want.

*  *  *

Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.

 
ELECTION CHAOS NO 3
 
The Italian connection in review:
Obama is the serpent’s head and behind the funding of a subversion campaign and a coup against President Trump
 
 
(JD Rucker/NOQ REPORT)

Barack Obama was behind funding of subversion campaign, coup against President Trump: Report

There are several bombshells in the press release and recording we received yesterday, but arguably the biggest of them all is that President Obama may have orchestrated the resistance against President Trump from its beginning until now.

 

press release. An accompanying article from Italy. An interview of the head of a government accountability non-profit. All three of these things combined to form a narrative that could have come from the latest best-selling political thriller. But this is real life, and if the evidence proves this out to be credible, then the attempted theft of the 2020 election is even bigger than most realize.

According to Maria Strollo Zack, founder of government accountability non-profit Nations In Action, it was then-President Barack Obama in the waning days of his administration who set the ball—and the funding—in motion to execute a subversion campaign against the Trump administration. He is allegedly also involved in the funding and coordination of actions reportedly taken by leaders in the Italian government and defense contractor Leonardo SpA to execute a stolen election for former-Vice President Joe Biden. According to a Twitter thread by election-fraud data cataloguer Kanekoa:

 

As Zack detailed during her interview, President Obama took 14 pallets of cash that were supposed to be part of the infamous Iran payoff and divided the money up between various accounts. Totaling over $400 million, this was the cash that was allegedly used to unravel his successor’s administration and eventually to facilitate various aspects of the election fraud that plagued the 2020 election. Zack also noted that the tracks to follow the money are known and that part of the transit to Iran included a stop in Italy before being transferred to Iran through the UAE. Did some of this money pay for the use of Italian military satellites to hack election servers and switch votes from President Trump to Biden?

This jibes with modern assumptions about military satellite capabilities. They are able to connect to devices with internet capabilities even if the devices are not currently connected to the internet. We now know that many voting machines, including those preferred by Dominion Voting Systems, are capable of connecting to the internet. But proving they were connected during the election has been challenging. Now, it appears they did not need to be connected for fraud to have taken place.

American mainstream media has completely ignored these bombshells to the point that Nations In Action is currently seeking a public relations firm to help get the information out. We have reached out to the team to schedule an interview. With the clock ticking on President Trump’s administration, getting the news to as many eyes and ears as possible is imperative.

 

Information regarding the “Italian angle” has been trickling out for over a week. Former Overstock.com CEO Patrick Byrne Tweeted out a video as well as an article detailing a plot that both seem to be corroborated by the information provided by Zack.

 

Byrne has been at the forefront of election fraud investigations from the private sector, including a recent bombshell that a Chinese packing slip was found with shredded ballots from Atlanta. He has met with the President and the President’s senior staff on the matter and continues to yield more information daily.

Below is a recording of a recent interview with Zach in which she details just about everything her team has discovered over the last seven weeks. She has spoken to the President and is working to reengage with him, Chief of Staff Mark Meadows, lead attorney Rudy Giuliani, and others who can help put the evidence in the right hands. NOQ Report has reported on this heavily once we learned of it as we know mainstream media and Big tech will continue to suppress it.

 

Here is the original press release sent to us just a few hours ago regarding the evidence Nations In Action has collected, their desired outcomes, and next steps to prevent the culmination of this attempted coup:


Global defense contractor IT expert testifies in Italian court he and others switched votes in the U.S. presidential race

Rome, Italy (January 5, 2021) – An employee of the 8th largest global defense contractor, Leonardo SpA, provided a shocking deposition detailing his role in the most elaborate criminal act affecting a US election. Corroborating the DNI Ratcliff’s report of international intrusion, Arturo D’elio outlined the scheme that proved successful in using Leonardo computer systems and military satellites located in Pescara, Italy. Recent reports of a hack at Leonardo now appear to have been an orchestrated cover to mitigate blowback on the corporation which is partially owned by the Italian government.

Nations In Action, a government transparency organization, partnered with the Institute of Good Governance to thoroughly investigate and research the election irregularities which yielded the long-awaited proof that a flawless plot to take down America was executed with extraordinary resources and global involvement. Americans and elected officials now have proof that the election was indeed stolen. This provides the mechanism for each state to recall their slate of electors immediately or face lawsuits and request all federal government agencies to lock down all internal communications, equipment and documentation from the Rome Embassy. “Make no mistake, this is a coup d’etat that we will stop in the name of justice and free and fair elections,” stated Maria Strollo Zack, Chairman of Nations in Action.

END
 
 
No 4

Twitter Has Locked President Trump’s Account For 12 Hours, Threatens “Permanent Suspension”

 
WEDNESDAY, JAN 06, 2021 – 19:07

Update (1905ET): Twitter just turned up the rage amplifier to ’11’ and has decided to lock President Trump’s account for the next 12 hours.

And in a redux of the NYPost debacle, Twitter notes that if the ‘offending’ tweets are not removed, the account (with 88.7 million followers) will remain locked.

Additionally, they threatened permanent suspension

If you are somewhat shocked at this, The Federalist’s Sean Davis can help:

“Twitter has locked the President of the United States out of his account and threatened to ban him for <checks notes> calling for peace and telling violent rioters, “You have to go home.”

We wonder what this will do for Parler traffic?

*  *  *

For the first time ever, Twitter – which until now had merely “moderated” Trump’s tweets – took the unprecedented step of actually deleting the president’s tweets, removing three of this latest posts.

For the first time ever, Twitter – which until now had merely “moderated” Trump’s tweets – took the unprecedented step of actually deleting the president’s tweets, removing three of this latest posts.

The decision follows Twitter’s earlier decision to “restrict engagement” of Washington DC protest images and tweets.

So far, Twitter has deleted at least three Trump tweets this evening alone.

Of course, leftists celebrated the decision by Jack Dorsey & Co.

At the same time, using almost the exact same language, Facebook also decided that video, photos and other content pertaining to Tuesday’s events must be “restricted” (despite the fact that the companies had no qualms with sharing such content during the “peaceful protests” that rocked the country following the killing of George Floyd).

Facebook then followed Twitter’s lead and decided that it would crack down on the president’s page, deciding to remove the video where President Trump asks the protesters to stand down, along with other posts for “inciting violence” – even though that’s literally the opposite of what Trump said during the videotaped statement from earlier.

Here’s what a senior VP from FB said about the company’s reasoning:

“We removed it because on balance we believe it contributes to rather than diminishes the risk of ongoing violence.”

“We removed it because on balance we believe it contributes to rather than diminishes the risk of ongoing violence.”

Meanwhile, the NYT reports that calls to bar Trump from Twitter permanently are intensifying.

Facebook is removing other Trump tweets as well.

To be sure, none of this is new. Twitter and Facebook both started tagging or removing posts last year, which is what inspired President Trump’s push to strip social media companies of the protections afforded by Section 230 of the Communications Decency Act.

END

No 5

Trump announces an orderly transition on Jan 20 after Biden’s stolen win.  The question is what happens if the our rogue states decertify the results?

It’s Over: Trump Promises “Orderly Transition” On Jan. 20 After Biden Win Certified

 
THURSDAY, JAN 07, 2021 – 6:22

Millions of Americans will remember Wednesday as the first time in decades that the US Capitol building was successfully stormed and overrun – though, to be fair, when the British sacked Washington during the War of 1812, they didn’t stop to take selfies with the Capitol Police.

At any rate, the flashes of the chaotic crowd breaking windows and scuffling with police, accompanied by the news that 4 people died during the chaos (1 woman was shot by a Capitol Police officer, while 3 others died during unspecified “medical emergencies”, according to media reports) was enough to convince half the US that a low-key “coup attempt” had just taken place. Though the fact that lawmakers returned to the floor a few hours later to finish up the certification vote sort of undercuts that notion.

Citing Wednesday’s unrest as justification, GOP lawmakers largely dropped their objections and allowed the Electoral College tally to be certified, cementing his win.

And as several staff members reportedly threatened to quit in protest, President Trump published a statement via spokesman Dan Scavino promising an “orderly transition” on Jan. 20. While Bloomberg described the statement as a “concession”, Trump continued to insist that he still “totally disagrees” with the outcome of the election.

“Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless there will be an orderly transition on January 20th,” Trump said. “I have always said we would continue our fight to ensure that only legal votes were counted. While this represents the end of the greatest first term in presidential history, it’s only the beginning of our fight to Make America Great Again!”

Matt Pottinger, a deputy natsec advisor and an avowed China hawk, is reportedly among the staffers who resigned in protest. Pottinger was recently in the news for going public with new, credible allegations that SARS-CoV-2 leaked from a Chinese lab.

Meanwhile, the president’s twitter account remains locked.

Snapchat joined Facebook and Twitter in blocking the accounts, according to a company spokesman.

Before the vote in the Senate, VP Pence spoke to promise that those who contributed to the chaos will be prosecuted. According to Capitol Police, some 52 people were arrested.

“To those who wreaked havoc in our capitol today, you did not win,” the vice president said. “Violence never wins. Freedom wins. And this is still the people’s House.”

Of the 52 arrests, 47 were related to violations of the 1800 curfew set by Mayor Muriel Bowser. 26 people were arrested on Capitol grounds. Several others were arrested for carrying firearms, either without a license or unlawfully.

In addition, the DC police chief said two pipe bombs were recovered from the headquarters of the RNC and DNC, while a cooler from a vehicle on US Capitol grounds that contained Molotov cocktails. 14 police officers were injured, 2 of whom remain hospitalized after being attacked by members of the crowd. Police said more arrests are expected as investigators will now attempt to identify people from camera footage.

The vote in the Senate was completed early Thursday morning. One senator told reporters that she had backed away from the opposition vote because of the chaos.

“When I arrived in Washington this morning, I fully intended to object to the certification of the electoral votes,” Sen. Kelly Loeffler, who was supposed to take the lead on objecting to results from Georgia, said on the Senate floor Wednesday night. “However, the events that have transpired today have forced me to reconsider, and I cannot now in good conscience object to the certification of these electors.”

By the end of the proceedings, both the House and the Senate had rejected challenges to results in Arizona and Pennsylvania, while no senators signed on to challenges in Georgia and other states.

The FBI late Wednesday asked the public to submit tips, such as images, videos and other information to help agents identify people were “actively instigating violence.”

During what several media outlets described as a “siege”, at least one Trump supporter entered the Senate chamber, while others smashed windows in an attempt to break onto the House floor, where police officers brandished guns to keep them away. Police placed the building under lockdown, and lawmakers were instructed to prepare to put on gas masks as pepper spray filled the chamber.

Meanwhile, in keeping with the media narrative that Trump supporters aren’t proud Americans but crypto-fascists hoping to trample on democracy, Joe Biden – speaking from Delaware – said the Capitol’s storming bordered on “sedition” and called “on the mob to pull back and allow the work of the democracy to go forward.”

Though the chaos has subsided, Mayor Bowser’s public emergency declaration will remain in effect for 15 days, allowing her to impose restrictions on people’s movement.

end

no  6

“I Can’t Stay” – Mick Mulvaney Quits Trump Administration Post Over Capitol Chaos

 
THURSDAY, JAN 07, 2021 – 9:19

Though the market was seemingly unshaken by the events of yesterday, a handful of Trump Administration staffers have resigned over Wednesday’s storming of Capitol Hill, blaming President Trump for not doing enough to call off the crowds.

In one particularly public display, Mick Mulvaney, who has been serving in a part-time role (special envoy to Ireland) since departing as acting chief of staff, appeared on CNBC to announce his resignation, saying he had left a message with his boss Secretary of State Mike Pompeo.

During a sometimes rambling interview with CNBC’s Joe Kernan, Mulvaney insisted that he couldn’t stay after what had happened, though he acknowledged that his small role has little impact on the administration. However, he said “it’s what I have got.”

“I called [Secretary of State] Mike Pompeo last night to let him know I was resigning from that. I can’t do it. I can’t stay,” Mick Mulvaney said.

Mulvaney said he had spoken to others who were choosing to stay, and insisted that some “are choosing to stay because they’re worried the president might put someone worse in.”

Continuing on the subject of staffers resigning in protest, Mulvaney suggested (and another source reportedly told CNBC’s Eamon Javers) that National Security Advisor Robert O’Brien was weighing a resignation over the ordeal at the Capitol after siding with VP Pence. O’Brien’s deputy, Matthew Pottinger, has reportedly resigned. Two other high-profile staffers, including Stephanie Grisham, chief of staff for first lady Melania Trump, and Sarah Matthews, White House deputy press secretary, also resigned Wednesday. Commerce Department official John Costello also resigned Thursday morning.

Once one of Trump’s closest aides, Mulvaney said that the president is “not the same” as we was 8 months ago. Over the past year or so, Trump has allowed Rudy Giuliani, Pete Navarro and other extremists (to be fair, Mulvaney has a record of clashing with them during his time in the West Wing) to unduly influence him.

“We didn’t sign up for what you saw last night,” Mulvaney said. “We signed up for making America great again, we signed up for lower taxes and less regulation. The president has a long list of successes that we can be proud of.”

He insisted that Trump had “many successes” during his four years in office, but now “the folks who spent time away from our families, put our careers on the line to go work for Donald Trump, and we did have those successes to look back at, but now it will always be, ‘Oh yeah, you work to the guy who tried to overtake the government.'”

end
No 7

Patrick Byrne on Twitter: “Last night we watched election data flow real-time from Georgia to Islamabad and China. They take a blank ballot, check live voter rolls overseas, pick one to attribute the vote to, and accept it.” / Twitter

 
 
 
 
Election theft in Georgia and what outcry is there ?

 

https://twitter.com/jessekellydc/status/1346906434232057856

 
 
end
 
No 8
 
It is about time everybody switches to Parler  and forget about Facebook
Trump is blocked indefinitely on Twitter, Facebook and Instagram
(zerohedge)

Zuckerberg: Facebook, Instagram Will Extend Block On Trump Accounts “Indefinitely”

 
THURSDAY, JAN 07, 2021 – 11:03

Now that Trump has effectively been locked out from social media following yesterday’s decision by Twitter to suspend the president’s account for 12 hours while threatening a permanent suspension if Trump violates the company’s terms of service, a suspension which was then promptly followed by Facebook and Instagram, moments ago Mark Zuckerberg, who had no problem with generating copious traffic and ad revenue on the back of controversial Trump tweets for the past 4 years, announced in a blog post that “the risks of allowing the President to continue to use our service during this period are simply too great” and as a result “we are extending the block we have placed on his Facebook and Instagram accounts indefinitely and for at least the next two weeks until the peaceful transition of power is complete.”

Addressing the unexpected decision to delete several of Trump announcements yesterday, Zuck said that he “removed these statements yesterday because we judged that their effect — and likely their intent — would be to provoke further violence.”

What about the accusations from various corners that it was Facebook’s hypocrisy and “lack of censorship” that enabled yesterday’s events? Here Zuck has a prepared response too:

Over the last several years, we have allowed President Trump to use our platform consistent with our own rules, at times removing content or labeling his posts when they violate our policies. We did this because we believe that the public has a right to the broadest possible access to political speech, even controversial speech. But the current context is now fundamentally different, involving use of our platform to incite violent insurrection against a democratically elected government.

His conclusion: “following the certification of the election results by Congress, the priority for the whole country must now be to ensure that the remaining 13 days and the days after inauguration pass peacefully and in accordance with established democratic norms.”

In short: Trump may have his Facebook accounts once he is out of the White House, but don’t be on it. It also means that as of this moment, the censorship of anyone, anywhere is fair game.

Zuckerberg’s full note is below:

The shocking events of the last 24 hours clearly demonstrate that President Donald Trump intends to use his remaining time in office to undermine the peaceful and lawful transition of power to his elected successor, Joe Biden.

His decision to use his platform to condone rather than condemn the actions of his supporters at the Capitol building has rightly disturbed people in the US and around the world. We removed these statements yesterday because we judged that their effect — and likely their intent — would be to provoke further violence.

Following the certification of the election results by Congress, the priority for the whole country must now be to ensure that the remaining 13 days and the days after inauguration pass peacefully and in accordance with established democratic norms.

Over the last several years, we have allowed President Trump to use our platform consistent with our own rules, at times removing content or labeling his posts when they violate our policies. We did this because we believe that the public has a right to the broadest possible access to political speech, even controversial speech. But the current context is now fundamentally different, involving use of our platform to incite violent insurrection against a democratically elected government.

We believe the risks of allowing the President to continue to use our service during this period are simply too great. Therefore, we are extending the block we have placed on his Facebook and Instagram accounts indefinitely and for at least the next two weeks until the peaceful transition of power is complete.

end

And now Shopify terminates Trump related ecommerce sites in response to riots  AND THIS  IS FOLLOWED BY SNAPCHAT. This is a complete tech wreck!

(zerohedge)

Shopify Terminates Trump-Related eCommerce Sites In Response To Riots

 
 
THURSDAY, JAN 07, 2021 – 11:25

…and the hits just keep on coming.

Shortly after Mark Zuckerberg decided that President Trump’s Facebook account should be “indefinitely” blocked, Shopify has jumped on the virtue-signaling bandwagon and terminated ecommerce websites run by the Trump campaign and Trump Organization.

The actions were reportedly “in response to the riots” and Trump’s “violation of acceptable-use policies.” A Shopify spokeswoman wrote in a written statement:

“Shopify does not tolerate actions that incite violence.

Based on recent events, we have determined that the actions by President Donald J. Trump violate our Acceptable Use Policy, which prohibits promotion or support of organizations, platforms or people that threaten or condone violence to further a cause.

As a result, we have terminated stores affiliated with President Trump”:

 

iv) Swamp commentaries)

end
 
Garbage!! Cori Bush drafts a resolution punishing those who attempt to overthrown the 2020 election that Joe Biden stole. She cites the storming of the Capitol  The draft was written on Jan 5 and the chaos at the Capital
was Jan 6
 
 
(Gateway Pundit).

Democrat US Representative from St Louis, Cori Bush, Drafts Resolution to Punish Those Who Attempt to Overthrow the 2020 Election Joe Biden Just Stole

The new Democrat US Representative from St. Louis, Cori Bush, drafted a resolution addressing those who believe Joe Biden stole the election.  She wants them punished.

Sean Davis last night reported:

 

TRENDING: BREAKING: Unarmed Woman Shot and Killed by Capitol Police Identified – 14-Year USAF Veteran (VIDEO)

Bush stated in her tweet:

I believe the Republican members of Congress who have incited this domestic terror attack through their attempts to overturn the election must face consequences. They have broken their sacred Oath of Office. I will be introducing a resolution calling for their expulsion.

Here is Bush’s resolution:

Bush claims that the violence in the Capital yesterday was a domestic terror attack in an attempt to overturn Biden’s stolen election.  She believes there must be consequences since the people who know Biden cheated to steal the election are wrong to call out the many instances of crimes and corruption.  She believes those that stand up for justice “have broken their sacred Oath of Office”.   She wants anyone who believes the election was stolen to be expelled from Congress. 

end

v) King report/Courtesy of Chris Powell of GATA which includes the major swamp stories.

In a letter to Congress, Vice President Mike Pence has defied President Trump’s demands that he unilaterally reject Electoral College votes from contested states during a congressional session Wednesday  Read MORE: http://bloom.bg/396477f

Fox News: Per Fox News national security correspondent Jennifer Griffin: Vice President Mike Pence, acting Defense Sec. Chris Miller and Army Sec. Ryan McCarthy approved mobilization of the National Guard at the request of D.C. Mayor Bowser. Trump was not involved in the order. [very coup-like!]

Reports are circulating that Pence and Cabinet members are contemplating invoking the 25th Amendment to remove Trump.  If this were to transpire, violence and rioting would appear – and the GOP would die!

Some GOP legislators objected to the Arizona, Georgia and Pennsylvania electoral votes.

Bloomberg @business: Mitch McConnell on the Senate floor is ripping efforts to overturn the election.  McConnell said the election was not even “unusually close”

McConnell: If this election were overturned by mere allegations from the losing side, our democracy would enter a death spiral. We’d never see the whole nation accept an election again. Every four years would bring a scramble for power at any cost…

 

Mitch, the courts and the MSM refused to view or air the evidence!!!  This is what is most vexing to not only Trump supporters, but to people that believe in ‘truth, justice and the American Way’!

 

As Congress certifies election, evidence of these voting irregularities looms large – The storyline that claims of voting irregularities are “baseless” is debunked by well documented evidence from courts, state officials and affidavits. That’s why large numbers of state legislators are balking.

https://justthenews.com/politics-policy/elections/congress-certifies-election-evidence-these-voting-irregularities-looms

 

CNBC’s @EamonJavers: So far today, we have seen Vice President Mike Pence and Sen. Mitch McConnell break with President Trump. Now we will see who the hardest core Trump loyalists are in the party – and those fault lines will define the struggle for the GOP for the next 2 years.

Yesterday, Trump held a massive “Save America” rally in DC as Congress convened for the Electoral College Vote.  DJT slammed Republicans that won’t object to the vote.

https://twitter.com/nypost/status/1346867247948718080

 

@joshdcaplan: TRUMP: “The weak republicans. They’re pathetic RepublicansIf this happened with the Democrats, there would be hell all over the country going on. There’d be hell all over the country.”

 

Trump: “We were leading, then…late in the evening and early in the morning… Boom! These explosions of bull$#it!… You better start looking at your leadership, because you’re leadership [McConnell] has led you down the tubes.  How does that work politically? Give ‘em a couple of bucks. Let them live.”

 

As of now, there is no solid proof; but there are several claims that Antifa infiltrated the Trump rally and fomented the riot that stormed the Capitol.

 

Facial recognition firm claims Antifa infiltrated Trump protesters who stormed Capitol

Before the Nov. 4 election, an Antifa chapter sent out on social media a reminder for members to disguise themselves as Trump supporters by wearing the distinctive red Make American Great Again (MAGA) hat… https://www.washingtontimes.com/news/2021/jan/6/xrvision-firm-claims-antifa-infiltrated-protesters/

 

@paulsperry_: Former FBI agent on the ground at U.S. Capitol just texted me and confirmed that at least 1 “bus load” of Antifa thugs infiltrated peaceful Trump demonstrators as part of a false Trump flag ops

 

@DavidJHarrisJr: DC police let them through the gates! This was a set up! Antifa is definitely among this crowd!!! [Video at link] https://twitter.com/DavidJHarrisJr/status/1346964118868209664

 

@MichaelCoudrey: Eye witness reports that the first individuals who stormed the Capitol where “[young guys] dressed up and had knee pads.” [Video] https://twitter.com/MichaelCoudrey/status/1346908159827390470

 

@AmyMek: Riot Shields are a dead giveaway that this is ANTIFA! I find it laughable that anyone is calling these people Trump supporters   https://twitter.com/BGOnTheScene/status/1346904244008456193

 

@JFNYC1: BLM and ANTIFA were instructed to show up dressed as Trump supporters; it is THEY who are starting this violence. Trump’s crowd has not reached the capital.

 

Since when do Trump supporters wear Antifa-like helmuts?

https://twitter.com/hrkbenowen/status/1346937090974605318/photo/1

 

@charliekirk11: Isn’t it weird how ANTIFA was nowhere to be found counter-protesting all the Trump supporters today? Where were they?  [Days ago, Antifa stormed DJT rallies in DC.]

 

The protestors that stormed the Capitol forced authorities to shut down the Capital and order Congress and staff to ‘shelter in place’.  This recessed the Electoral College debate and certification vote.  The MSM will not call the siege of the Capitol “mostly a peaceful protest”.

 

Protester [unarmed woman] killed in Capitol was Air Force vet from California [Will there be riots or MSM outrage?] https://nypost.com/2021/01/06/protester-killed-in-capitol-was-air-force-vet-from-california/

 

@JohnBasham: Just made it back to my hotel room in #DC. I was tear gassed 4 Times, flash banged, and the crowd was shot at with rubber bullets in the PEACEFUL portion of protesters NOT breaching the bldg.This INCITED THE CROWD TO ACT! They then took the Capitol bldg!

 

@realDonaldTrump: I am asking for everyone at the U.S. Capitol to remain peaceful. No violence! Remember, WE are the Party of Law & Order – respect the Law and our great men and women in Blue.

 

Though DJT told protestors to go home and obey the law, Twitter locked his account, threatened a permanent suspension and deleted his tweets calling for law and order!  Facebook banned DJT for 24 hours!  https://www.zerohedge.com/political/twitter-begins-deleting-trumps-tweets-joining-facebook-scrubbing-president

 

@EricTrump:  We are the party of Law & Order – prosecute anyone who crosses that line to the fullest extent of the law.

 

NY Magazine’s @Olivianuzzi: I want to be clear: I am hearing from Republican and Democratic staff members on Capitol Hill that this is terrifying, this is chaos, this is “the scariest thing that I’ve ever seen,” in the words of one staffer. This isn’t MAGA vs. the establishment. It’s a lawless mob.

An explosive device is found at the R.N.C., and the D.N.C. is evacuated.

https://www.nytimes.com/live/2021/01/06/us/electoral-vote#an-explosive-device-is-found-at-the-rnc-and-the-dnc-is-evacuated

 

Last night, Dem Reps escalated the tension and hate in the USA.

 

Congresswoman Cori Bush @RepCori: I believe the Republican members of Congress who have incited this domestic terror attack through their attempts to overturn the election must face consequences. They have broken their sacred Oath of Office.  I will be introducing a resolution calling for their expulsion. [Resolution is dated Jan. 5, a day before the riots – How did she know one day early?]https://twitter.com/RepCori/status/1346926083350794240

 

Dem Rep @RepSpeier: Trump has given us no choice. The 25th Amendment must be invoked NOW. We need to immediately wrest control of the country from him. He is not the commander of chief of the US. He is commander of chief of the Trump mob & proud boys. Pence must step up & defend our democracy.

 

Congresswoman Alexandria Ocasio-Cortez called for Trump to be impeached.

 

@kylenabecker: What you are seeing is what happens when a nation’s elected officials no longer feel that they have to follow the laws themselves & they are no longer accountable to the American people.  The U.S. has a Constitution for a reason. It’s to prevent terrible scenes like this.

     My humble opinion from having studied KGB tactics, color revolutions, disinfo campaigns, all of it, is that this is being completely staged to destabilize the U.S.This strikes me as the culmination of decades of socialist planning and preparation. It is not ‘spontaneous.’

@seanmdav: Conservatives spent months trying to convince corrupt corporate media and Dem mayors of the awful long-term consequences of ignoring or even blessing political violence. When governments abandon the rule of law, people follow suit. Media ignored our pleas and mocked our concerns.

    Remember when the New York times un-personed Sen. Tom Cotton for writing that violent insurrections should be put down violently? The editor got fired over it, after staffers threatened to resign in masse.  Cotton was right. Then and now.

The NYT’s @benyt: Washington Post EIC Marty Baron has told Post reporters to use “mob,” not “protesters,” to describe people storming capitol, a staffer tells me.

     @RealSaav

vedra: Did they use that term with the Black Lives Matter / antifa rioters?

 

Ex-CBS reporter @laralogan: The NY Times – it’s a “mob” when it’s pro-Trump but “protesters” when it’s Antifa trying to burn Federal officers alive in a courthouse in Portland. What’s more disturbing is why we still allow dishonest/biased reporting/institutions to control the narrative for us all

 

Trump-hating Republicans quickly blamed Trump for the rioting.  @DailyCaller: Rep. Liz Cheney: “We just had a violent mob assault the U.S. capitol … No question the President formed the mob, the President incited the mob, the President addressed the mob. He lit the flame.”

 

Senator Romney urged Congress to unanimously confirm the election results for Biden and condemned the “storming of Congress”.   Mittens said Trump “incited” an ‘insurrection’.  W Bush, who has been mum on Antifa violence, condemned the DC riot and said he was appalled at the “reckless behavior of some political leaders since the election.” McConnell called the riot a “failed insurrection.”

 

Conservative Gatekeeper Erick Erickson Calls for Pro-Trump Protestors to be Shot

https://bigleaguepolitics.com/conservative-gatekeeper-erick-erickson-calls-for-pro-trump-protestors-to-be-shot/

 

PS – If you’re keeping score at home, Joe Biden more than once threatened to punch or beat up Trump over the past few years.  No Republican or media type criticized Joe for his threats of violence.

 

U.S. Sen. Schumer says Democratic Senate to make $2,000 stimulus payment top priority

http://reut.rs/2KZiZwo

 

@JackPosobiec: Struggling to think of a bigger political miscalculation than blocking stimulus checks during a pandemic one week before a special election… Trump had 300,000 more votes than the GA Senate candidates. Base stayed home.

 

@seanmdav: It’s not Nancy Pelosi who called $2000 stimulus checks “socialism for the rich” and blocked passage just last week.  That was all Mitch McConnell. Perdue/Loeffler were both ahead until the Senate GOP torpedoed that plan. [To reiterate: On Dec. 29, ace pollster Trafalgar Group asserted that Georgia swing voters were appalled that McConnell blocked the $2k checks.]

 

ESHs tumbled, Bitcoin soared, the dollar cratered due to the Democrats’ apparent capture of the two Georgia Senate seats on Tuesday night.  ESHs and stocks soared after the NYSE open on Wednesday because Street pundits spread the Gospel of hope: Biden and the Dems will only hike taxes modestly and produce a moderate stimulus package.

A rationalization for the rally, though leftists have control of the US government, was Dems, with a 50-50 split in the Senate (VP is tiebreaker) and a slim 5 or 6 seat majority in the 435-seat House, have little chance of passaging radical programs.  60 Senate votes are needed to break a filibuster. 

 

Narrow Democratic majorities in Congress could limit ambitious Biden agenda http://reut.rs/395qN7C

 

Recent history clearly shows Dems are not encumbered by rules, standards, norms, laws or the US Constitution – especially when judges and the MSM give them license to do as they wish.  Biden has already declared that he will fire off an unprecedented amount of Executive Orders as soon as he is inaugurated.  History also shows that the GOPe cowers from a fight when Dems act boldly.

 

Some Wall Street elites probably believe that they have bought enough legislators to inoculate themselves from tax hikes (especially carried interest rescission) and onerous regulations.  History shows that often politicians do not ‘stay bought’.

 

@StewartButton: Nice to see the Russell 2000 up nearly 5% today. I bet all of those small to medium sizedbusinesscan’t wait for higher taxes, Covid lockdowns, and a greater regulatory burden…

 

We received numerous calls and emails asking us to explain how stocks could soar in the face of the policies that Biden and the Dems have pledged to enact. 

 

Yesterday, there were whispers that forces friendly to Biden/Dems orchestrated the massive rally that appeared after the NYSE open to generate the narrative that Biden and the Dems are good for stocks, the economy and the USA.  Another dynamic that induced veteran traders to suspect that market manipulation occurred on Wednesday: Gold plunged >2% when it should have rallied like Bitcoin did.  If stocks were soaring because the Dems would mitigate their proposed tax hikes, new regulations, climate change mandates/restrictions and Covid lockdowns with massive fiscal stimulus, gold should have soared with Bitcoin and the dollar should have sunk.

Alibaba, Tencent Tumble on Report US Considers Their Addition to China Stock Ban

https://www.zerohedge.com/markets/alibaba-tencent-tumble-report-us-considers-their-addition-china-stock-ban

Federal Reserve officials unanimously backed holding the pace of asset purchases steady when they met last month, with some open to “future adjustments” if needed….

https://www.bloomberg.com/news/articles/2021-01-06/fed-officials-all-backed-bond-buying-pace-december-minutes-show

 

While the financial media celebrated the coming great Dem/Biden economy, the ADP Employment Change showed an unexpected loss of 123k jobs.  +75 jobs were expected.  Large companies lost 147k jobs; medium-sized firms added 37k jobs and small companies lost 13k jobs.  ‘Hospitality & Leisure’ lost 58k jobs.  Trade, transportation and utilities lost 50k workers and manufacturing jobs declined 21k.

https://adpemploymentreport.com/2020/December/NER/NER-December-2020.aspx

 

IHS Markit U.S. Services PMI™: Business activity growth slowest for three months amid rise in virus cases – [fell to 54.8 from 55.4; 55.2 was expected.] Cost burdens rise at survey-record pace 

https://www.markiteconomics.com/Public/Home/PressRelease/adc517110a0e4375b768010f191f9a5d

 

@charliebilello: Inflation Expectations continue their vertical ascent, now 2.04% (5-year breakeven).  Fed minutes today: we want much higher inflation and will keep interest rates at 0% and buying bond to get there.  https://twitter.com/charliebilello/status/134698092474393395

China Arrests US Lawyer during “Massive Crackdown” In Hong Kong   https://t.co/SOfSE7K4MP

 

Dozens of Hong Kong opposition figures arrested under national security law

https://www.cnn.com/2021/01/05/asia/hong-kong-national-security-law-intl-hnk/index.html

 

@barnes_law on Tuesday night: Magically, again, some key Democratic counties are holding their ballots back tonight in Georgia. Probably a coincidence, right?

 

@paulsperry_: Democrat-controlled Dekalb County suddenly stopped counting ballots b/c of an unspecified “technical glitch” around midnight when the 2 GOP candidates were slightly ahead. Then after they resumed counting, Warnock & Ossoff remarkably took the lead. That was about 2 AM

 

@RealWayneRoot at 11:18 PM ET on Tue, Jan 05, 2021: Nice lead by both Republicans in Georgia. Now Democrats & government bureaucrats stop the counting, figure out how many fake ballots they need to overcome GOP lead & steal election. Let the Democrat stealing & fraud begin!

 

@KatiePavlich: Stopping voting, delayed counting or counting very late into the night is why people believe elections are rigged. It’s shady and state legislatures should fix it.

 

On Tuesday night, Fulton (Atlanta) and DeKalb (Atlanta suburb) counties held back voting reports until almost all other Georgia precincts had reported.  This is and has been for decades a standard practice in big Blue Cities.  It’s as if they refraining from reporting until they know how many votes they need.  At 22:00 ET, Fulton County had reported 80% of its precincts’ votes. 

 

@realDonaldTrump at 22:25 ET on Tuesday: Looks like they are setting up a big “voter dump” against the Republican candidates. Waiting to see how many votes they need?

 

@AnnCoulter: Waiting for the big cities in GA to produce their laughably lopsided votes for the Dems.  The cities always report last, so they can see how many votes are needed.

 

@JonathanTurley on Tuesday night: A court had to order Fulton County to remove posters blocking the view of observers and to force the county to allow observers to move closer (10 feet). What is astonishing is that the Georgia officials forced such reasonable requests to be litigated in the courts.

    After all of the concerns and controversies, why would Fulton county election officials resist such a basic access for observers?  These are simple measures to help assure voters that there is transparency and access. This only fuels the suspicions of roughly 40 percent of voters.

 

@seanmdav: Instead of investigating obvious mail-in voter fraud and demanding reforms in Georgia, the GOP establishment attacked Trump.  Those same Republicans then refused to give more than $600 to Americans whose livelihoods were destroyed by lockdowns in 2020.  They never fail to fail.

 

Ex-CBS star reporter @laralogan: Is the GOP paying attention? Does not seem like it to many voters I’ve spoken to who say there’s been a total failure of leadership over the election.

 

@RyanGirdusky: Maybe Perdue going on tv saying he would compromise with Biden wasn’t a way to rally Trump voters?

 

@YossiGestetner: Let me remind you that @BrianKempGA appointed @KLoeffler in favor/on behalf of @senatemajldr against and over Rep Collins who was supported by Trump.  Of course now that the abusive radical Warnock beat @SenatorLoeffler, the anti-Trump wing of the GOP blames… Trump.

 

The Daily Caller’s @michaeljknowles: So long as Election Day remains Election Month and mail-in ballots are the rule rather than the exception, I have little faith in the integrity of our elections.

 

Last night, Sen. Schumer said January 6, 2021 will be a day that lives in infamy.  Could be; but it could also be for a different reason that Chuck realizes or expects.

 

Well that is all for today

I will see you FRIDAY night.

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